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UnionPay accounts for 45% of global cards spending – Visa still on top
New research shows that spending on payment cards continues to grow strongly, expenditure rose by 13% to reach $35 trillion in 2019. There were a number of factors driving this... more
The post UnionPay accounts for 45% of global cards spending – Visa still on top appeared first on Payments Cards & Mobile.
Continued growth in China cements UnionPay as the world’s largest card scheme
New research shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. The research indicates that financial inclusion initiatives... more
The post Continued growth in China cements UnionPay as the world’s largest card scheme appeared first on Payments Cards & Mobile.
Money 2020: Tribe Payments launches with new UnionPay International service
Tribe Payments launched today and has already achieved a key milestone with UnionPay International. Tribe is among the first issuer processors in Europe to be certified to allow banks to... more
The post Money 2020: Tribe Payments launches with new UnionPay International service appeared first on Payments Cards & Mobile.
Barclaycard and UnionPay payment acceptance partnership in UK
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has announces a new card acceptance partnership with UnionPay International, a subsidiary of China UnionPay. The deal... more
The post Barclaycard and UnionPay payment acceptance partnership in UK appeared first on Payments Cards & Mobile.
All eyes East: Will China dominate payments innovation?
The development of the Chinese payments industry in recent years has been breathtaking. Here are a few proof points: China’s mobile payments sector dwarfs the US. In 2017, China saw... more
The post All eyes East: Will China dominate payments innovation? appeared first on Payments Cards & Mobile.
