UnionPay online payment is China UnionPay’s online transfer and settlement platform, which meet the need of all parties. It is also China’s first integrated and comprehensive online payment platform with financial- level pre-authorised secured transaction functions that fully supports all types of UnionPay cards.
“UnionPay online payment”, as an integrated payment tool, covers a variety of payment methods, such as quick payment, debit card payment, online banking payment, etc. what’s more, it is widely used in many scenarios, such as shopping payment, business travel service, enterprise collection and so on.
Simple and flexible quick payment mode, no need to register online banking, accelerate the transaction process, improve user experience.
Safe and Reliable
Multiple security technology guarantees, real-time risk monitoring, fully guaranteed payment security. Unlike other transactions, which transfer money to the third party account in advance, “UnionPay online payment” financial pre-authorisation guarantee transaction is to freeze transaction funds in the cardholder’s bank account, to avoid interest loss and fund misappropriation risk, and to maximise the rights and benefits of banks, merchants and cardholders.
More than 28 million overseas merchants have applied for UnionPay cards. In the Asia Pacific region, the overall coverage of the UnionPay card is 90%. In Europe, 90% of countries and regions have supported the UnionPay card. Tourists can pay by UnionPay cards in the most of stores in the United States and Australia. Besides, the coverage rate of African UnionPay cards has exceeded 80%, and Russia will achieve full coverage within this year.
To have more users, UnionPay has dedicated to increasing its official co-operators’ number. For instance, in 2018, UnionPay signed an agreement with the bank card group Commercial Bank (CB), which is responsible for managing the French bank card payment system; In January 2019, UnionPay also signed an agreement with the Portuguese Millennium BCP to issue more than 200,000 UnionPay cards in the next five years to benefit Portuguese customers. In June, UnionPay signed an agreement with a UK start-up to allow financial institutions, banks, and fintech to issue UnionPay certified payment cards. Powerful partners ensure cardholder’s interest. UnionPay’s online payment makes it easier for oversea companies to operate between local banks and Chinese banks.
Occupy and explore the new payment method
In December 2015, China UnionPay signed a payment cooperation agreement with Apple and Samsung. In February of the next year, UnionPay took the opportunity of Apple pay’s entry into China to occupy the new mobile payment market. So far, China UnionPay has carried out payment cooperation with Samsung, Apple, Huawei, Xiaomi, and other major mobile phone companies.
UnionPay aims at a new mobile payment method and tries to attract more users by signing agreements with different brands. That means these mobile phones will help UnionPay approach mobile users to use mobile payment. If Alipay and WeChat user habits are cultivated from the using of APP, while UnionPay cooperates with the major mobile brands and access to users when consumers buy the phones, which cultivate users’ payment habits.
Wide range of using and almost covering all currencies
UnionPay’s traditional services include ATM withdrawal, POS consumption, online payment, transfer, overseas tax refund service, merchant preference, tax payment bill, etc. These services cannot be covered by all third-party payment companies. When it comes to overseas consumption, UnionPay can support almost all kinds of currency settlement.
Level 30, 40 Bank Street, Canary Wharf, London, E14 5NR
020 8226 5115
Download our app
WeChat Official Account
© 2018 GlobePay Limited Services | is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017.This can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN) 930172.