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In 2015, the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two. However, only 0.5% of this payment volume was outside of China. [3] UnionPay offers mobile and online payments services. [4 ...
The UnionPay app was launched on 11 December 2017, which was merged from the old UnionPay app and UnionPay Wallet (Chinese: ιΆθι±ε ).Following that, the app has trailed in popularity behind its two major competitors, however, in 2021, the mandate by the Ministry of Industry and Information Technology (MIIT) to open up the "walled garden" ecosystems of the major tech companies, has allowed ...
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In 2012, compliance with the international payment card security standard (PCI) was achieved. In 2015, the new identity of the Saudi Payment Network, Mada, was launched. In 2016, Union Pay Cards were accepted. In 2017, two new payment services, Mada Atheer and Mada Naqd, were launched. In 2018, Mada e-Commerce service and Apple Pay were introduced.
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Eufiserv provides Gateway Services to the Visa PLUS network, to MasterCard's Cirrus network, and to the networks of American Express and China UnionPay. [2] [3] All ATMs in the Eufiserv network are connected to the gateways to Visa PLUS, Cirrus and American Express, and therefore accept all Visa, Visa Electron, Visa Debit, PLUS, MasterCard, Maestro, Cirrus, and American Express cards but ...