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.
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.
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, 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.
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.