China UnionPay Exceeded the Number of 260 Million Users in August 2015

The third-party payments industry dominated by Internet and mobile payments, prepaid card, POS, etc., crossed 23.3 trillion transactions with a YoY growth of 35.47%. There are 270 licensed companies processing transactions of which Beijing has the largest number—58.

China UnionPay (CUP) is a domestic bank card issuer founded in 2002 and operates under the approval of central bank of China. By 20 ...

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