UnionPay

UnionPay, also known as China UnionPay (CUP), is a Chinese financial services corporation headquartered in Shanghai. It provides bank card services and a payment network similar to Visa and Mastercard. Founded in 2002, it is the only interbank network in mainland China linking all automated teller machines (ATMs) of all banks throughout the country.

UnionPay cards can be used in China and in many countries and regions around the world. Its international acceptance has grown significantly as Chinese tourism and international trade have expanded. UnionPay operates through partnerships with banks and financial institutions globally, allowing cardholders to make purchases and withdraw cash at participating merchants and ATMs.

The company issues its own branded cards and also works with other banks to co-brand cards, often in combination with other international payment networks. UnionPay aims to provide a convenient and secure payment solution for its users, both domestically and internationally. Its growing global presence makes it a significant player in the international payments landscape. Key services include debit cards, credit cards, prepaid cards, and quick payment methods.