CUP Cards

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.

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P2P Lending

P2P (person-to-person lending) lending volumes are equivalent to only a small fraction of the lending undertaken by traditional financial institutions, but P2P lending platforms can be viewed as an interesting development but not a competitive threat to traditional lenders. However, the emergence of P2P lending is a valuable new source of financing in the post-2008 global economic and financial world and has the potential to close the credit gap.

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