UnionPay

UnionPay operates a global payment network, enabling secure interbank transactions for cardholders, merchants, and financial institutions. The company provides comprehensive payment services, including card issuance, merchant acquiring, and transaction processing. Its core capabilities leverage an extensive bank card network, facilitating seamless financial exchanges.

China UnionPay, the parent entity, was established in 2002. Dai Xianglong, then governor of the People's Bank of China, was instrumental in its formation. The foundational insight was to unify and develop China's domestic bank card system, standardizing payment infrastructure and streamlining interbank clearing to cultivate a robust national financial ecosystem.

UnionPay serves consumers, financial institutions, and global merchants. Its long-term vision focuses on expanding accessible, secure payment solutions internationally and continuously enhancing digital capabilities. The company aims to solidify its position as a premier international payment brand, connecting global commerce through reliable financial services.