Market Research Report Store China UnionPay-Market Research Report Store

"Payment Company Profile: China UnionPay-Market Research Report Store＂published in May 2017. It is a professional and in-depth study. Complete Report Available at: @ https://www.marketresearchreportstore.com/ Request a sample, click here [email protected] Summary China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China and State Council in March 2002. It is the sole scheme provider of payment cards in China. According to Chinese central bank regulations, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network. Card issuance under the UnionPay brand is mostly concentrated in China, with minimal presence in overseas markets. UnionPay founded its UnionPay International subsidiary in 2004 to capitalize on rising demand for payment cards among Chinese students studying abroad, international travelers, and the overseas Chinese diaspora. While issuance of UnionPay cards is limited to a handful of countries, they are accepted in more than 160 countries globally, supported by CUP’s collaboration with international banks and payment service providers including HSBC, Citibank, Standard Chartered Bank, Discover, JCB, Bank of New Zealand, PayPal, and Bank of Hawaii. In addition to card issuance and payment card processing, CUP offers the QuickPass contactless payment service, enabling consumers to pay using UnionPay QuickPass chip cards or smartphones at contactless point of sale (POS) terminals. The report provides information and insights into payment profile China UnionPay, including -