The Independent Bankcard Brand
Established in March 2002, UnionPay is a bankcard association established under the approval of the State Council and the People’s Bank of China.
In response to the economic and social development in China and to fulfil the industrial mission and social responsibilities, UnionPay has joined hands with domestic commercial banks to create an independent bankcard brand - UnionPay card. In August 2003, UnionPay officially launched UnionPay card, its international and high-quality bankcard brand with independent intellectual property that meets unified business practices and
technical standards. Thanks to the popularity of UnionPay cards, UnionPay brand also enjoys a high reputation in China.
UnionPay cards are not only well accepted by the domestic cardholders but also highly appreciated by cardholders in more and more countries and regions. The cardholders can use the bank cards to pay their credit card bills and utility fees, book flight tickets and hotels, and perform self-service funds transfer via mobile phone, internet, fixed phone, and even TV set-top box.
How UnionPay works
Local Credit/Debit Card
Upon purchase, the consumer is redirected to UnionPay to enter credit, debit or prepaid card number, verify the card info and complete the payment.