The cumulative number of UnionPay cards issued globally has exceeded 5 billion and UnionPay has become Chinese residents’ preferred payment brand. Its online and mobile payment users have surpassed 200 million to date. In overseas markets, innovative UnionPay products and services are increasingly being used, with 10 million online merchants outside the Chinese mainland currently accepting payment with UnionPay cards.
UnionPay is the official payment service provider of the China Pavilion in Milan Expo, and is also the partner of the Shanghai City Campaign in Milan.
While providing payment services to the world’s largest cardholder base, UnionPay is working closely with major cities including Shanghai to improve its services.
The payment network has built up a platform where residents are able to pay utility and credit card bills conveniently. It has also been promoting the contactless UnionPay QuickPass service for small-ticket transactions, by which payment can be completed with a simple tap-and-go.
To keep up with the trends of the payment market, UnionPay has created an online payment platform and stepped up efforts in mobile payment. As UnionPay chip cards are issued in a large scale, innovative applications including QuickPass are also being enriched.
UnionPay International inked a partnership with CartaSi, the largest acquirer in Italy, which will see 15,000 merchants under CartaSi start accepting UnionPay cards by the end of July this year.
For data, background and forecasts on China UnionPay: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).