UnionPay International is a wholly owned subsidiary of China UnionPay which provides high quality, cost-effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants. UnionPay offers products and services such as prepaid cards, QR code payment service, mobile/online payments for consumers and businesses. The company was launched a new service QuickPass QR code payment which supports NFC contactless payment with UnionPay chip cards, smartphones, and wearable devices. Present, the service operates in China, Singapore, HongKong and planning to add more countries include Thailand, Indonesia, and Australia in the near future.
PRODUCTS & SERVICES:
Online payment network and processing platform for individuals and retail businesses.
QuickPass mobile payment platform: It is a QR code based platform that allows consumers to make payments at offline retailer outlets.
Unionpay cards: It offers prepaid cards products to support cross-border payments for consumers.
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Online & in-store merchants, Individuals
In June 2017, the company partnered with Askari Bank to provide UnionPay QuickPass (NFC) and EMV chip-enabled debit cards in Pakistan.
Some of the other partners' nab, CitiBank, KartaSi, Discover, Travelx, Bank of Chaina, etc.
Board Members and Advisors:
Samer Soliman, Joseph Yam
NUMBER OF EMPLOYEES:
SAIF Partners China
Cai Jianbo (CEO)
In 2015, CUP reached 36.4% of market share with more than 260 million Internet and mobile payment users, and transaction value exceeding $1.9 trillion globally.
At present, 65 institutions in 17 overseas countries and regions have issued UnionPay card locally, with an accumulated card issuance volume of more than 10 million pieces. It has about 400 domestic and overseas associate members, covering 140 countries/regions. Recently, the company was announced that the mobile QuickPass service accepted at nearly 500,000 POS terminals in markets outside mainland China. The markets include: Hong Kong, Macau, Taiwan, Singapore, Malaysia, Australia, Canada, Russia and the UAE (June 2017).