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Countries where the UnionPay payment system operates. UnionPay (Chinese: 银联; pinyin: Yínlián), also known as China UnionPay (Chinese: 中国银联; pinyin: Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China.
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By cooperation with over 200 associations worldwide, the UnionPay international network has enabled the UnionPay Card acceptance in over 140 countries and regions to date. UnionPay cards have been ...
UnionPay (China Only) RuPay (India Only) Only BC Global Cards applied. Local BC Cards are not accepted outside South Korea. Diners Club: Discover; JCB (Japan Only) RuPay (India Only) UnionPay (China Only) BC Card (South Korea Only) TROY (Turkey only) Excludes United States & Canada issued cards, which are MasterCard cards. [5] Discover: Diners ...
The UnionPay app was launched on 11 December 2017, which was merged from the old UnionPay app and UnionPay Wallet (Chinese: 银联钱包).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 ...
EPS is a Hong Kong only system and is widely accepted in merchants and government departments. However, as UnionPay cards are accepted more widely overseas, consumers can use the UnionPay functionality of the bank card to make purchases directly from the bank account. Visa debit cards are uncommon in Hong Kong.
Mi-Pay is a contactless NFC-based mobile payment system that supports credit, debit and public transportation cards in China. The service was launched by Xiaomi in partnership with UnionPay.
CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency. In 2022, CIPS processed around 96.7 trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. [1] [2]