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|About China UnionPay
|Founded in March 2002, China UnionPay (hereinafter referred to as CUP) is a bankcard association headquartered in Shanghai, China, with nearly 400 member institutions around the world.
As a bankcard association at the heart of China's bankcard industry, CUP plays a fundamental role in operating an inter-bank transaction settlement system, realizing the interoperability between systems, and facilitating inter-bank, cross-region and cross-border transactions of bankcards.
CUP is dedicated to promoting the bankcard standards and regulations, providing better, more secure and efficient services like inter-bank information exchange, settlement data processing, and risk control.
CUP is committed to formulating the resource-sharing and self-discipline mechanism, facilitating the business cooperation and resource sharing among the market entities, accelerating the intensive and mass development of the bankcard industry, and building China's bankcard brand together with the commercial banks to accomplish the sustainable and healthy development of China's bankcard industry.
Working together with the commercial banks, CUP will give full play to its functions as a bankcard association to promote the sound and rapid development of China's bankcard industry, and provide the cardholders with better, more secure and efficient services, so as to become not only a highly creditable and trustworthy brand in China, but also a major international bankcard brand with competitiveness and influence in the world.
CUP aims to build a well-recognized, trustworthy and respected financial brand that presents outstanding quality, excellent service and top level security.
CUP Logo is the symbol of its brand. There are three paralleling stripes of colors in the background: red indicating cooperation and integrity, blue smoothness and high efficiency, and green security. The English artistic word “UnionPay” and Chinese characters“银联”, both in white, are located at the center of the logo against the three-color background,. Among the words, the letter “y” is connected with the character “联”, indicating CUP is an international payment brand originated from the network of China.
The survey conducted by A.C. Nilson, an international survey authority, shows that the CUP brand has attained a domestic recognition rate of 96%, remarkably ahead of other international card brands. In addition, UnionPay Card has also become the first payment choice among Chinese cardholders when they travel to Hong Kong, Macau and Singapore.
UnionPay Cards possess the independent intellectual property rights with a full range of products and services. By the end of March 2010, UnionPay Cards have been accepted in more than ninety countries and regions. UnionPay Cards are issued by the commercial banks in accordance with CUP operating regulations and technical specifications. The cards adopt CUP's BINs, with a CUP logo on its lower-right corner and a BIN number starting with “62”.
By the end of 2009, more than 1.3 billion UnionPay Cards have been accumulatively issued by more than 200 issuers in Mainland China. In addition, over fifty financial institutions from more than ten countries and regions have issued UnionPay Cards in local currencies.
|UnionPay Cards Issued by the Commercial Banks in Mainland China
|UnionPay Cards Issued by the Institutions Outside Mainland China
Domestic UnionPay Card Acceptance Network
The UnionPay Card acceptance network serves as the largest bankcard network in China. Thanks to the efforts both from the commercial banks and CUP, the UnionPay Card acceptance network not only covers the developed regions and large cities in China, but is also extended to the underdeveloped areas in central and western China, middle and small-sized cities and vast rural areas. By the end of 2009, there have been 1.57 million merchants, 2.41 million POS terminals and nearly 215 thousand ATM terminals accepting the UnionPay Card in China. In the meanwhile, more than 70 thousand banking outlets in vast rural areas can accept UnionPay Cards, especially with the aid of the branches from the Postal Savings Bank of China and all rural credit cooperatives.
Domestic UnionPay Card Acceptance Network
Along with the improvement of the bankcard acceptance environment in China, we have been witnessing a soaring in bankcard transaction volume. In 2009, the inter-bank transaction volume of Chinese bankcard reached RMB 7.7 trillion Yuan, with an average annual growth rate of 72%.
Overseas UnionPay Card Acceptance Network
CUP is dedicated to providing convenient and various payment services for its cardholders. To this end, CUP continues to accelerate its internationalization, actively expands its international acceptance network and provides channels for the commercial banks in China to extend their services abroad.
By the end of March 2010, UnionPay Cards have been accepted in more than ninety countries and regions across the world, more than fifty financial institutions in over ten countries and regions have issued UnionPay Cards in local currencies outside Mainland China. UnionPay Cards have been well recognized not only by cardholders in China but also by more and more international cardholders. Since the internationalization of CUP in 2004, we have been witnessing a soaring in UnionPay Card international transaction volume, with an average annual growth rate of more than 100%. In 2009, the UnionPay Card international transaction volume was increased by 26 times compared with that of 2004.
|2Merchant (ten thousand)
|POS (ten thousand)
|ATM (ten thousand)
To better satisfy the needs of the cardholders to use their UnionPay Cards, CUP has cooperated with the commercial banks and other market entities to develop the innovative bankcard payment business. Now in China, in addition to the restaurants, hotels and department stores, the bankcards have also been widely accepted in the public utility sectors such as water, electricity and gas bill payments as well as in the schools, hospitals, air and highway transportation. The cardholders are able to use the bankcards to pay for their credit card bills and utility fees, book flight tickets and hotels, and perform self-service funds transfer via mobile phone, internet, fixed phone, and even TV set-top box.
Bankcard Risk Control
To actively prevent the bankcard fraud transactions, CUP has been working together with the commercial banks to establish the “Five Systems and One Center” mechanism, namely, the Bankcard Risk Information Sharing System, the Bankcard Risk Reporting and Managing System, the Bankcard Fraud Detecting System, the Merchant Risk Monitoring System, the Risk Management Public Service Platform System as well as the UnionPay Card Antifraud Service Center.
CUP continues to promote information sharing, communication and cooperation among relevant sectors by building a communication platform for joint bankcard risk prevention.
In addition, CUP is playing an active role in bankcard risk research, providing professional research outcomes for the commercial banks. Working together with the Ministry of Public Security, CUP has completed and published the Practice in Bankcard Crime Detection and the Collection of Financial Crime Cases - Credit Card Crimes.
CUP is always dedicated to offering assistance to national legislative and judiciary bodies for the establishment of laws and regulations concerning the crackdown on bankcard crimes. In December, 2009, the Explanations on Several Problems about Applicable Laws for Handling Criminal Cases Concerning Interfering Credit Card Administration, a judicial interpretation about bankcard crimes, was published by the Supreme People's Court and the Supreme People's Procuratorate.
|Contributing to Economic Decisions of Government and Industrial Development
CUP compiles the Bankcard Consumer Confidence Index (BCCI) by intensively exploring and analyzing massive bankcard transaction information via the inter-bank transaction settlement system.
Based on the bankcard transaction information of urban cardholders, BCCI is compiled through analysis on changes of urban cardholders' bankcard payment structure (mainly the changes about the proportion of non-necessities payment in total consumption). It reflects the consumers' confidence toward the macro economy, serving as an important reference for the government and enterprises in their economic decision-making.
As a research authority in China's bankcard industry, starting from the year of 2003, CUP composes The Research Report of China's Bankcard Industry Development on a regular basis, which gives a thorough description on the annual development of China's bankcard industry. The report has become the most authoritative and influential research material in the industry.
|CUP Overseas Offices
Australia Representative Office
Business Region: Oceania
Address: Suite 906A, Level 9, 99, Bathurst Street, Sydney, NSW, Australia, 2000
Tel: 61-2-92690360 / 61-2-92690370