Posts Tagged “China UnionPay”

Wirecard Bank to cooperate with China UnionPay

ASCHHEIM - Wirecard Bank AG and China UnionPay Co., LTD, Shanghai (hereinafter referred to as UNIONPAY) have signed a license agreement for online merchant acquiring services.

China aims for $2.8T e-commerce sales by 2015

China has laid out plans to drive the value of online shopping to 18 trillion yuan (US$2.86 trillion) by 2015, unveiling a set of policy measures to hit that goal.

China UnionPay

UPI is a bankcard association established under the approval of the State Council and the People’s Bank of China, and has become a central and pivotal part of China’s bankcard industry. At present, the Shanghai-headquartered UPI has about 400 domestic and overseas associate members, covering 140 countries/regions.  UPI’s innovations enable its bank customers to offer consumers choices: pay now with debit, ahead of time with prepaid or later with credit products. From the world’s major cities to remote areas without banks, people are increasingly relying on digital currency along with mobile technology to use their money anytime and make purchases online, transfer funds and access basic financial services; all of which make their lives easier and help grow economies. 

WorldPay to become the biggest China UnionPay acquirer outside of China

LONDON - WorldPay, the global leader in payment processing, and China UnionPay, the fastest growing card scheme in the world, have today announced a partnership which will see WorldPay become the biggest acquirer outside of China for eCommerce UnionPay transactions.

Developing Markets Give MasterCard Upside Potential

BOSTON - | MasterCard has been able to navigate the economic uncertainty that has gripped most U.S. companies through the last five years. The company’s stock has been rising steadily on positive earnings growth through the financial crisis. Revenues have grown at a compounded annual growth rate (CAGR) of 14% since 2007.  

Computop launches China Paygate solution

GERMANY | Computop strengthens its position in world’s second largest e-commerce market with the launch of its local China Paygate solution. A payment gateway that grants access to all major Chinese online payment methods and local acquiring banks in China - including Alipay, 99bill, China Union Pay and Yee Pay.

PaymentAsia Launches CUP Mobile Payment Service

Payment Asia will be adding this new payment option to provide merchants the ease to accept China UnionPay (CUP) payments originating from a mobile device. Since CUP is the major banking giant of Asia it will be a great advantage for large as well small to medium sized merchants to accept CUP payments from mobile.


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