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41 Million Merchants Worldwide Choose UnionPay

March 16, 2017 Financial No Comments Email Email

Latest data show that more than 41 million merchants and over 2 million ATMs across 160 countries and regions accept UnionPay cards. Over 10 million online merchants based outside mainland China support UnionPay Online Payment.http://www.rembrandtbkk.com/

UnionPay International offers payment services to both Chinese tourists and global travellers. When improving its acceptance environment, UnionPay International is taking the preferences and payment habits of overseas customers into consideration, providing secure and convenient payment services for various groups of cardholders.

Drawing a “Global Consumption Map” for cardholders

Now, UnionPay has realized 100% acceptance in Hong Kong, Macau, Mongolia, Cuba and UAE. In Northeast and Southeast Asia, over 70% of the merchants accept UnionPay. In the US, over 80% of merchants accept UnionPay credit cards, while half of the merchants accepting bank cards in Europe accept UnionPay.

With over 70 million UnionPay cards issued in 40 countries and regions, more types of merchants are accepting UnionPay cards. These merchants not only include duty-free stores, shopping centers and hotels, but also include featured restaurants, entertainment establishments and public transports. For instance, in Singapore, cardholders can pay with UnionPay cards at supermarkets, cinemas, gas stations and in taxis.

UnionPay is also accepted by over 10 million online merchants based outside mainland China. These merchants not only meet cardholders’ cross-border shopping demands, but also provide featured services in airline ticket booking and tuition payment.

Building a refined acceptance network

Now, UnionPay International is further improving its acceptance network. Firstly, it continues to expand its acceptance footprint and enrich its card-using scenarios. Secondly, it is building core business districts outside mainland China, and is optimizing card-using experiences. Thirdly, it is accelerating the chip migration of its acceptance network, and is promoting issuers to issue UnionPay chip cards. Fourthly, it is rolling out UnionPay mobile QuickPass to satisfy purchasers’ demands for flexible and secure payment service.

So far, UnionPay International has built 90 core business districts in the US, Canada, Southeast Asia, Australia and New Zealand. In these districts, UnionPay’s merchant coverage is over 70%, the UnionPay logo is easily found, and exclusive privileges are offered for UnionPay cardholders.

Moreover, over 400,000 POS terminals in markets like Hong Kong, Macau, Taiwan, Singapore, Australia, UAE and Canada accept mobile QuickPass. Customers can pay with UnionPay chip cards with “QuickPass” signage and QuickPass-enabled smartphones at these terminals.

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