China's UnionPay Processes More Than $6.7 Trillion in 2014, Expands to Hong Kong and Australia

China’s leading payment service provider UnionPay is partnering with Hong Kong’s ATM operator JETCO to provide a tap-and-pay payment service. UnionPay has reportedly bought a 3% stake in JETCO. The deal has made UnionPay a strategic investor and has allowed the firm to name candidates for JETCO’s board of directors.

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