A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
January 17, 2024
On the web
Decades of Internationalization Pays off as UnionPay Recognized Across World
UnionPay International
October 27, 2023
On the wires
UnionPay Cardholders Can Easily Pay at all QR Merchants in Malaysia Now
PR Newswire
October 10, 2023
On the web
UnionPay and Triplink Launch UnionPay Virtual Commercial Card in Singapore
Yahoo Finance
September 27, 2023
On the wires
UnionPay and Hungary's K&H Payment Services Sign Large-Scale Card Acceptance Cooperation Deal, Further Expanding European Network
PR Newswire
September 18, 2023
On the wires
UnionPay International Brings Borderless Payment Experience to Global Cardholders
PR Newswire
July 10, 2023
On the wires
UnionPay International Signs MOU with Cambodia's Central Bank
PR Newswire
March 23, 2023
On the wires
UnionPay Joins Forces with Kai Shing to Provide Property Management Fee QR Code Payment Services for Over 100,000 Property Units in Hong Kong
PR Newswire
December 12, 2022
On the wires
epay is First to Integrate UnionPay QR Code Payments in Europe
GlobeNewswire News Room
“UnionPay, one of the world’s largest card payment networks, and epay, the full-service payment provider owned by Euronet Worldwide Inc., have launched UnionPay’s innovative QR code payment service in Europe, the companies announced today. The agreement between UnionPay’s international business unit, UnionPay International (UPI), and epay, Europe’s leading full-service payments provider and a global leader in digital payments processing and prepaid solutions, represents the first time UnionPay’s QR code payments — also known as UnionPay App — can be settled in Europe for Chinese tourists and other UnionPay card users from all over the world.”
April 21, 2022
On the web
Explainer: China UnionPay, Russia’s Potential Payments Backstop
Reuters
“Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa Inc (V.N) and MasterCard Inc (MA.N) joined other Western firms in suspending operations in Russia. read more UnionPay and Mir are among few options left for Russians to make payments abroad since Russian banks were isolated from the global financial system following Russia’s invasion of Ukraine. Russia calls its actions in Ukraine a “special operation”. read more“
April 13, 2021
On the wires
Splitit Partners With UnionPay, the World’s Largest Card Network of 9 Billion Cardholders
“Splitit, a global payment technology company (ASX:SPT), announces a new global partnership with UnionPay International, part of China UnionPay, the provider of bank card services and a major card scheme in mainland China. UnionPay International will be integrating Splitit to make it available to its network. This will give UnionPay card holders and those accepting UnionPay the opportunity to utilize Splitit’s installment payments product.”
April 12, 2021
On the wires
UnionPay and Network International Support UAE Merchants With Smart Payment Solutions for Post-COVID Era
“UnionPay International (“UPI”), a leading global payment services provider, in cooperation with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA) region, is accelerating the UAE rollout of its QR code scanning -based payment solution to support local merchants as the country prepares for continued economic recovery and a resurgence of inbound tourists.”
March 22, 2021
On the wires
UnionPay Acceptance Network Expands to 180 Countries and Regions
“UnionPay International (UPI) announced today that with significant progress in Latin America, UnionPay acceptance network has now extended to 180 countries and regions, over half of which accept UnionPay mobile payments. As many as 55 million merchants worldwide take UnionPay cards. According to a report released by RBR , UnionPay is among the most widely accepted card brands in the world. With its vast network, UPI is striving to serve more overseas residents, facilitate China’s exchange with other countries, and boost the internal and external circulations.”
June 17, 2020
On the wires
UnionPay International Drives Increase In ‘Contactless Payment’ For Consumer Safety During COVID-19
“As the struggle against COVID-19 continues, UnionPay International have unveiled a plan for increased consumer safety through accelerating the issuance of contactless payment enabled cards worldwide. Collaborating with many local banks around the world, UnionPay International have also made a considerable effort to increase availability and awareness of online checkout services in order to step up global adoption.”
October 29, 2019
On the wires
CITCON Releases UnionPay Pass, the First Complete Suite of UnionPay Products in the U.S.
“CITCON , the integrated mobile payment and commerce leader, today announced the release of CITCON UnionPay Pass at Money 2020. CITCON UnionPay Pass is the first complete suite of UnionPay products available online and offline globally, serving the world’s largest cardholder base of more than about 8 billion cards issued worldwide, particularly from China, South Korea and the United States.”
September 23, 2019
On the wires
UnionPay Now Accepted by Over 28 Million Merchants Outside Mainland China, With Cash-back Rewards Program
“UnionPay International (“UPI”), the global leading payment provider, announced recently that the number of merchants outside mainland China accepting UnionPay services has surpassed 28 million, with an increase of two million in the first half of the year alone. Meanwhile, UPI has further expanded its existing cashback rewards program, with eight of China’s major commercial banks issuing UnionPay cashback rewards cards. All 28 million overseas merchants are covered in the cashback rewards, as well as other promotion programs offered by UPI.”
January 21, 2019
On the wires
UnionPay’s acceptance footprint extends to 174 countries and regions
prnewswire
“In order to meet the payment needs of Chinese outbound tourists, UnionPay International continues to improve its acceptance network outside mainland China. So far, the UnionPay acceptance footprint has extended to 174 countries and regions. In the second half of 2018, Serbia, Montenegro and Jamaica started accepting UnionPay cards. On the eve of the Spring Festival, merchants in the UK, Poland and Georgia began accepting the UnionPay mobile payment services, offering more payment options to Chinese tourists.”
November 19, 2018
On the wires
UnionPay rolls out mobile payment services in South Asia
“Sri Lanka has become a new market where UnionPay is rolling out its mobile payment service. After the launch of UnionPay QuickPass service in the country this August, UnionPay QR code payment service will be accepted soon.”
October 26, 2018
On the wires
UnionPay maintains its position as the world’s largest card scheme
“Growth in the Chinese card market has been strong for several years and the trend continued in 2017 which saw the number of cards in issue rise by 9%. The vast majority of the country’s cards are UnionPay-branded, and in 2017 the scheme accounted for 44% of the world’s payment cards, increasing its share by one percentage point compared to the previous year. “
October 8, 2018
On the wires
Merchants worldwide optimize UnionPay services during Golden Week to enhance Chinese tourists’ experience
“The China Tourism Academy estimates that there will be 7 million outbound tourists during the Chinese National Day Holiday this year, hitting a record high. This holiday has become a global Golden Week, which is attracting the attention of foreign media and merchants. The Forbes website recently reported that Chinese tourists’ preference for experience, consumption and accommodation will reshape the global tourism industry.”
September 20, 2018
On the web
China UnionPay eyes major European expansion with UK launch
Payments Cards and Mobile
“China UnionPay, which in 2015 became the world’s biggest payment card issuer, has announced plans to launch UnionPay branded cards in the UK, a first step in a larger European expansion aimed squarely at challenging its Visa and Mastercard in their key markets.”
September 11, 2018
On the wires
UnionPay International launches the “UnionPay” app in Hong Kong and Macau to enhance the local customers’ mobile payment experience
“UnionPay International announced today that in answer to the construction of the Greater Bay Area and to meet the increasingly payment needs brought by the exchanges between Hong Kong/Macau and the Chinese Mainland, the unified mobile payment app of China’s banking industry, “UnionPay”, has started offering service to customers in Hong Kong and Macau, facilitating the interconnection of mobile payment in the Greater Bay Area. From today, consumers in Hong Kong and Macau can bind their locally issued UnionPay cards to the “UnionPay” app and enjoy mobile payment service both in and outside Hong Kong and Macau.”
July 17, 2018
On the web
UnionPay Partners With La Banque Postale To Expand Card Acceptance
Cards International
“UnionPay International has partnered with French bank La Banque Postale to expand the acceptance of its cards across the country, with focus on tourist attractions and public transportation. Under the alliance, the partners intend to facilitate Chinese tourists to use UnionPay cards at 37,000 merchants and 7,600 ATMs of the bank within next year. The move enables 80% of ATMs across France to accept UnionPay cards, compared to the existing 70%. Currently, more than 200,000 local merchants accept the company’s cards.”
March 19, 2018
On the wires
UnionPay International Launches Mobile Payment Service Platform to Accelerate Rolling Out of its Mobile Payment Worldwide
“UnionPay International has recently launched UnionPay International Mobile Payment Service (hereinafter referred to as UMPS), which enables commercial banks, retailers, mobile phone manufacturers and third party institutions outside mainland China to get access to multiple UnionPay mobile payment solutions, including UnionPay mobile QuickPass and UnionPay QR code payment, via the open API of UMPS.”
March 15, 2018
On the wires
UnionPay International Launches Mobile Payment Service Platform to Accelerate Rolling Out of its Mobile Payment Worldwide
“UnionPay International is endeavoring to expand the acceptance scope of the “UnionPay” APP outside mainland China and is partnering with commercial banks and retail groups to carry out collaboration in e-wallet business. CEO of UnionPay International Cai Jianbo said, “The launch of UMPS will contribute to the global rollout of the UnionPay mobile payment products, offering UnionPay cardholders smooth mobile payment experiences both in and outside mainland China, and further facilitating the ‘going global’ of China’s mobile payment services, technologies and standards.””
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