UnionPay
Overview
UnionPay is a a Chinese financial services company headquartered in Shanghai, China.
Founded on 26 March 2002, UnionPay is a payment method available worldwide, but very popular in APAC countries. It supports recurring payments.
In 2015, UnionPay overtook Visa and Mastercard in a total amount of value of payment transactions becoming the largest card payment processing company in the world surpassing the two. Only 0.5% of this payment volume was outside of China.
In 2020, UnionPay reported more than 151 billion worldwide transactions on its network.
While most users are from China, UnionPay cards can be used in 180 countries and regions around the world. Some UnionPay credit cards are also affiliated with American Express, MasterCard, or Visa.
Availability
This payment method is available in China, Macau, Hong Kong, and Singapore.
Supported currencies
CNY, USD, EUR, GBP, AUD, CAD, CHF, JPY, PLN, SEK, RUB, BRL, ZAR.
Workflow
When placing the order, shoppers input a UnionPay card as normal. The accepted processing currency needs to be CNY, USD, EUR, GBP, AUD, CAD, CHF, JPY, PLN, SEK, RUB, BRL, ZAR.
- When placing the order, shoppers input a UnionPay card as normal.
- The accepted processing currency needs to be CNY, USD, EUR, GBP, AUD, CAD, CHF, JPY, PLN, SEK, RUB, BRL, ZAR.
- The payment then continues as a normal Card order.
