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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
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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
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Millennium bcp becomes the first European bank to issue UnionPay cards
Millennium bcp has become the first European bank to issue UnionPay cards in Europe. Chinese President Xi Jinping joined Portugal’s Prime Minster Antonio Costa to witness the signing of an... more
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China and Russia to launch new payments system to avoid the US dollar
China and Russia are reported to have agreed on a new bi-lateral payment system to boost the use of their national currencies in bilateral and international trade, underscoring their intent... more
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UnionPay stays on top as the world’s largest card scheme
New research reveals that the number of payment cards in circulation worldwide reached 15 billion at the end of 2017, with UnionPay continuing to hold the largest share. The 15... more
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