China UnionPay is China’s sole bankcard organization and it is proudly accepted by over 2 million ATMs and 35 million merchants in China. It is a trusted payment card around the globe, with three out of every ten bankcards in the world belonging to the UnionPay network. There are 40 financial institutions issuing local-currency UnionPay standard cards in more than 30 countries and regions.
With over 800 million active Chinese Internet users generating ecommerce sales reached $1.7 trillion dollars in 2017, it is the largest and fastest growing card association on the planet.
Payscout is a licensed China UnionPay issuer. In addition to processing UnionPay debit and credit, we offer full integration with UnionPay SecurePlus – no redirect or wallet load required, improving the consumer experience and increasing conversions. Tokenization is available as well, improving issues with card security. Best of all, settlement with Payscout takes only 2 days versus the typical 5 days and you save money on CUP processing.
We can help you access more than 3.5 billion UnionPay credit and debit cards now in circulation by adding this preferred method of payment to your ecommerce site. Contact us for more information on getting set up with a China UnionPay account.