China UnionPay has overtaken Visa as the world’s largest payments card scheme, according to Retail Banking Research (RBR). There were eight billion payments card in circulation in 2010, says RBR, of which 29.2% carry the UnionPay brand, compared to 28.6% for Visa. However, Visa is still well ahead in terms of usage and spending. MasterCard [...]
The post China UnionPay overtakes Visa as world’s biggest card scheme appeared first on Payments Cards & Mobile.