UnionPay

A customer service agent with UnionPay did not know whether the Visa ban had taken effect.

But "UnionPay cards co-branded with Visa can still be used overseas, " said a source close to the matter Monday.

People familiar with the matter say they believe it is punishment for Visa's spat with UnionPay.

For a China UnionPay transaction, the service charge by the Bank will be waived.

The Oxford Street department store Selfridges in London has started accepting China UnionPay cards.

Analysts said the rapid development of UnionPay has become a threat to the commercial interests of Visa.

With 2b UnionPay-branded cards, the company is the world's biggest bank card organization in terms of issuance.

It nevertheless unleashed a barrage of questions over whether UnionPay should have the right to a monopoly.

It is China Unionpay's biggest issuance in a single foreign country since 2004 when it began to issue cards overseas.

Payments using UnionPay require you to enable online payment service at your card issuing bank.

Mr. Chai Hongfeng is currently working as the party committee member, director, and executive vice president of China UnionPay.

It now also allows Chinese tourists to pay with a debit card called China UnionPay.

China UnionPay aims to expand card use and acceptance networks to 100 countries and regions by 2010, the company's president Xu Luode said.

UnionPay also has been expanding internationally into markets the foreign companies dominate.

The shops apply through Japan's Sumitomo Mitsui Card Co. Ltd. , which entered Japanese merchant acceptance business with UnionPay in 2005.

In the near future, mainland tourists in Taiwan is expected to direct a brush UnionPay card spending.

China UnionPay didn't immediately respond to a request for comment late Tuesday.

UnionPay was established by China's central bank in 2002 and is owned by more than 80 Chinese state-controlled banks.

The Chinese firm also has global ambitions and in recent years has signed agreements with banks around the world to accept UnionPay cards.

China UnionPay Co. can attest to that.

A China UnionPay official said about 2. 1 billion UnionPay cards, issued to about 700 million people, were in use as of March.

At this moment, a friend recommended that Liu apply for a UnionPay credit card from one of China's large state-owned banks.

About half of all ATMs in China accept only credit and debit cards that are part of the domestic UnionPay system.

Calls to major banks all confirmed that they have not yet received any information about the ban on UnionPay in overseas markets.

Unionpay Merchants Services, largest bankcard service provider in China, ventured into Optial valley.

China and the Bank of Japan Sumitomo Mitsui Card Company announced the opening of UnionPay card payment network in Japan business.

UnionPay didn't respond to requests to comment.

First, all but 1 per cent of UnionPay cards are issued to Chinese and are exclusively used in China.

But even if they aren't yet using those cards much, say analysts, the stage is set for UnionPay to change the world.

Japanese business --- "Regal China" stores throughout Japan have been offering Chinese tourists in Japan to brush UnionPay cards.

Design and application of roof waterproofing of Shanghai UnionPay Information Processing Center

China UnionPay Network Access License for Financial Self-service Machine

As of June, some 18, 000 shops in Japan accepted UnionPay cards issued in China, and every year about 3, 000 more shops apply to accept it.

China UnionPay tops world's card payments system |The Australian

Design and Realization of ETL System in Unionpay Data Warehouse