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China UnionPay eyes major European expansion with UK launch
China UnionPay, which in 2015 became the world’s biggest payment card issuer, has announced plans to launch UnionPay branded cards in the UK, a first step in a larger European... more
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Huawei Pay debuts in Russia with UnionPay as mobile wallet market is expected to hit $3.14 trillion
Huawei Technologies and China UnionPay have set their sights on international markets, as they prepare to launch Huawei Pay digital wallet technology outside the mainland, going shoulder to shoulder against rival e-wallet services such as Apple Pay and Samsung Pay. The global push comes as Chinese consumers are increasingly using smartphones to settle in-store payments, [...]
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Mastercard and Visa lose share to UnionPay in global cards market
The global payment cards market has grown to 14 billion cards, with UnionPay consolidating its position as the largest scheme – A billion new cards issued in just one year. New research reveals that the number of payment cards worldwide increased by 8% in 2016 to 14 billion. With a billion new cards issued in [...]
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Spending tops $20 trillion on global card networks in 2016 – Infographic
Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. UnionPay debit cards were the most popular payment product based on purchase volume, followed by Visa [...]
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41 million merchants worldwide choose UnionPay
Latest data show that more than 41 million merchants and over 2 million ATMs across 160 countries and regions accept UnionPay cards. Over 10 million online merchants based outside mainland China support UnionPay Online Payment. UnionPay International offers payment services to both Chinese tourists and global travellers. When improving its acceptance environment, UnionPay International is [...]
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