More payment methods

UnionPay

Asia's Dominant Card Network with Global Reach

Founded in 2002, UnionPay is a bank card association based in Shanghai, China. It operates under the approval of the People’s Bank of China and is central to the bank card industry in China. Offering both credit and debit card services, UnionPay has rapidly expanded its footprint beyond Asia, making it one of the world’s largest card payment organizations in terms of card issuance.

% of coverage
  • Country

    China

  • Population

    Approximately 1.4 billion (as of 2021)

  • Number of Internet users

    Over 900 million

  • Popular payment methods in China

    WeChat Pay, Alipay, UnionPay, Credit/Debit Cards, QR Payments

% of coverage
  • China UnionPay

    40%

  • WeChat Pay

    30%

  • Alipay 25%

    25%

  • Other

    5%

Payment Method Overview
  • Type:Credit/Debit card
  • Currency:Primarily Chinese Yuan (CNY), but supports multiple currencies globally
  • % of coverage:Covers nearly 100% of the banked population in China
  • Transactions to date:>80 trillion CNY (estimated)
  • Total customers:>7 billion globally
  • Refunds:Yes
  • Chargebacks:Yes, though it can vary based on specific circumstances

About payment system

UnionPay holds a pivotal role in China’s banking ecosystem. With an extensive network linking all of China’s ATMs and a vast majority of the nation’s merchants, UnionPay ensures seamless and secure transactions for billions of cardholders.

For consumers, UnionPay offers a range of options, from standard credit and debit cards to premium products catering to high-net-worth individuals. Its foray into digital payments, with the UnionPay Mobile QuickPass and the UnionPay app, emphasizes the company’s commitment to evolving with the global digital transition.

Merchants, both in China and internationally, recognize the value of accepting UnionPay. As Chinese tourism and business activities expand globally, more merchants are integrating UnionPay into their payment methods to cater to this growing customer segment.

A highlight of UnionPay’s offerings is its security. Utilizing advanced encryption techniques and anti-fraud measures, UnionPay endeavors to safeguard user transactions, earning trust and confidence from both consumers and merchants alike.

With strategic collaborations and partnerships across the globe, UnionPay’s vision extends beyond being Asia’s premier card network. Its consistent growth, technological innovations, and global ambitions position UnionPay as a significant player in the international payments arena.

Read all
Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

Payment methods that also might be interesting

PicPay

PicPay

Digital wallet

PicPay is an innovative mobile payment and digital wallet platform.

Interac

Interac

Online banking

Interac Online is one of Canada's leading electronic payment services.

Papara

Papara

Digital wallet

Papara is a digital payment platform and financial management solution in Turkiye.

Logo (10)

Clearhaus

Clearhaus: Discover payment solutions in Denmark

Clearhaus is a Danish payment acquirer, that specializes in online and mobile payments for e-commerce businesses across Europe.

Logo (18)

Lydia

Lydia: Discover payment solutions in France

Lydia started as a peer-to-peer (P2P) payments app in France and has since evolved into a comprehensive financial services platform.

ViettelPay

ViettelPay

Digital wallet

ViettelPay is a prominent mobile payment platform in Vietnam.

ZaloPay

ZaloPay

Online banking

ZaloPay is a comprehensive mobile payment in Vietnam.

MoMoPay vietnam

MoMoPay

MoMoPay: Discover payment solutions in Vietnam

MoMoPay is the most popular digital wallet in Vietnam. Discover other payment solutions at spoynt.com

Mobiphone Money

MobiFone Money

MobiFone Money: Discover payment solutions in Vietnam

MobiFone is the first mobile money service provider in Vietnam. Discover other payment solutions at spoynt.com

Pago Efectivo

Pago Efectivo

Online banking

Pago Efectivo is a cash payment method tailored to the Latin American market.

Show all payment methods
Pricing

Pricing request

Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.