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UnionPay International: a new chapter in the development of one of the largest payment brands in the world

19/01/2024
Source : ORISHAS FINANCE
Categories: Companies

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UnionPay has begun a new chapter in its development after 20 years of existence. It is one of the biggest payment brands in the world. Its global scope of application is extended to 183 countries and regions, while its emissions outside mainland China recently exceeded 230 million maps.

January 18, 2004, January 18, 2024, exactly 20 years since UnionPay launched card services in Hong Kong with the approval of the People's Bank of China, marking the beginning of the internationalization efforts of Chinese bank card brands. Thanks to its 20 years of internationalization efforts, the brand can offer more “Chinese solutions” to the global payments industry. UnionPay International was founded in 2012. Its international strategy has changed from “where the Chinese go, UnionPay card services follow” to a more comprehensive “global network, international brand”, aimed at better serving China's desire for openness and setting a high standard in the payments industry. UnionPay cards have been issued in 81 countries and regions outside mainland China. Currently, UnionPay International has collaborated with over 2,600 institutions around the world

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