More payment methods

UnionPay

China’s Leading Card Scheme with Expanding Global Influence

UnionPay, established in 2002 in Shanghai, is China’s primary bank card network, operating with the endorsement of the People’s Bank of China. It plays a vital role in the country’s payment infrastructure, offering credit and debit card services. With rapid international growth, UnionPay has become one of the world’s most widely issued payment card brands.

UnionPay

Country

China

Population (China)

1.42 billion (estimated)

Number of Internet users

1.05 billion (estimated)

Popular payment methods

WeChat Pay, Alipay, UnionPay, Credit/Debit Cards, QR Payments

Distribution by payment method (%)

Type: Credit/Debit card Total Customers: >7 billion globally
Currency: Primarily Chinese Yuan (CNY), but supports multiple currencies globally Money transfer volume: >80 trillion CNY (estimated)
Coverage: Covers nearly 100% of the banked population in China Refunds: Yes
Chargebacks: Yes, though it can vary based on specific circumstances

About payment system

UnionPay plays a central role in China’s financial infrastructure. With a network that connects virtually all ATMs and the majority of merchants across the country, it enables smooth and secure transactions for its vast base of cardholders. Consumers have access to a wide range of UnionPay products, from everyday debit and credit cards to exclusive offerings tailored for affluent users. The brand’s expansion into digital solutions — including the UnionPay app and Mobile QuickPass — highlights its dedication to staying at the forefront of the digital payment shift. Merchants in China and abroad see clear value in supporting UnionPay. As Chinese travelers and professionals increasingly spend across borders, businesses around the world are adopting UnionPay to better serve this expanding customer base. Security is a cornerstone of UnionPay’s platform. With cutting-edge encryption and proactive fraud prevention systems, the company ensures that transactions remain protected, earning trust from both users and businesses. Through global partnerships and strategic growth, UnionPay is steadily building its international presence. From its strong foundation in Asia, the company continues to advance through technological innovation and global outreach, solidifying its status as a key player in the world of payments.

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