Global card spend grows 13% in 2019, mostly down to China’s UnionPay
That’s according to a new report by Retail Banking Research (RBR).
UnionPay
PPRO gives Europe’s merchants access to Chinese shoppers with UnionPay
The Chinese ecommerce market is currently valued at more than $1 trillion.
UnionPay expands into Italy with Banca Sella deal
Greater acceptance will help merchants meet the needs of Chinese tourists.
WorldRemit launches international transfers to UnionPay cards
It has been enabled by a partnership with Merchantrade.
Moorwand releases first UnionPay card in UK
UnionPay moves West with a multi-currency pre-paid card.
First Data partners with UnionPay to enable in-store and online transactions in the US
International paytech firm First Data has partnered with UnionPay International to enable in-store and online transactions in the US allowing UnionPay card holders to shop at US retailers.
Bank of China launches new UnionPay Europe Card
SIX Payment Services, Bank of China and UnionPay International have joined forces for a new credit card, targeting Chinese travellers in Europe. The “Europe Card” card is aimed at Chinese consumers traveling to Europe for business or leisure purposes. SIX says as an incentive during the launch phase, cardholders are eligible for up to 5% […]
VocaLink signs ATM deal with UnionPay
VocaLink, the payment systems provider, has signed a five-year deal with China’s UnionPay International, which will enable UnionPay cardholders to access ATMs in the UK and continental Europe. Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access. VocaLink says on average, the value of UnionPay card withdrawals from UK ATMs are […]
Samsung Pay launches in China
Samsung Electronics and China UnionPay (CUP) have launched the mobile payment service Samsung Pay in China. The South Korean firm joins Apple in entering the country, as the US giant launched its mobile payment system in China last month. That was also in partnership with state-owned bankcard association CUP. Samsung Pay currently supports credit and […]
Apple Pay launches in China
Apple has launched its mobile payment system in China today, in partnership with state-owned bankcard association, China UnionPay. The company will face tough competition, but it received good news this week when Industrial and Commercial Bank of China (ICBC) said its customers would be able to use Apple Pay. In an interview with Reuters, Jennifer […]
Should banks consider domestic payments schemes?
Domestic card schemes have traditionally partnered with MasterCard and/or Visa in an arrangement that leaves the domestic player handling the local transactions and their international partner facilitating and controlling the international business. Should banks work with both or just partner with one of the international schemes?
