What is China UnionPay?

Overview
Cross-Border Payments with China Union Pay

UnionPay is China’s answer to Visa and Mastercard. It is the only debit/credit card provider in China. Outside of China, UnionPay is the most frequently accepted Chinese payment method. In Europe, 90% of all countries now accept online and offline UnionPay payments. Since 2015, UnionPay is partnering with international mobile brands such as Apple, Samsung, Huawei and Xiaomi, to give billions of Chinese people access to their financial services at the tap of a finger.

UnionPay’s cross-border remittance services are especially recommended to businesses in international E-commerce, hotels, travel, education, services, and retail.

GlobePay professionals have years of experience with China UnionPay and would love to discuss any enquiries you may have. Please contact us to find out more.

China UnionPay is a quick, easy and secure digital payment solution for your Chinese consumers. Not only is it familiar to them, it is also simple for you to use. And if you’re having trouble, GlobePay has dedicated team working 24/7 customer service to assist you. To collect UnionPay payments, you could install a pre-packaged API onto your website. This makes UnionPay a payment option in your website checkout. Or, you could generate a unique QR Code to receive payments through your phone or handheld POS terminal.

Ways to UnionPay

Quick Pay – Customer QR Code Generation

Customer generates a QR Code payment.

Merchant scans the code with a POS or phone.

Transaction complete.

Customer receives a digital receipt.

We recommend this payment method to physical retail stores and other Merchants that require in-person transactions.

Quick Pay – Merchant QR Code Generation

Merchant generates a payment QR Code.

Customer scans the QR Code.

Transaction complete.

Customer receives a digital receipt.

We recommend this payment method for physical retail stores and other Merchants that require in-person transactions.

Contactless QuickPass

Merchant presents POS to customer.

Customer places UnionPay QuickPass near POS.

Customer confirms transaction with fingerprint or pin.

Transaction complete. Customer receives digital receipt.

We recommend this payment method to physical retail stores and other Merchants that require in-person transactions.

Desktop Online Shopping

Customer selects items on Merchant’s website and goes to online checkout.

Customer selects UnionPay payment method.

Customer inputs card details and confirms transaction.

Transaction complete. Customer receives digital receipt.

We recommend this payment method to E-commerce stores and Merchants that offer pre-booking services.

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Convenience

Cashless in the future! Not only within country border, but also between international companies and consumers.

Global Appeal

China is the 2nd largest economy in the world. With a GDP growth rate surpassing the USA’s, attracting Chinese consumers is a valuable investment.

Security

UnionPay guarantees full coverage on all payments and employs a neural-network based risk assessment system to identify potential fraud and other risks.