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Encyclopedia > China UnionPay
China UnionPay
中国银联
Operating area China
Members 165
ATMs 86,000
Founded 2002

China UnionPay (Simplified Chinese: 中国银联), also known as UnionPay (Chinese: 银联) or by its abbreviation, CUP, is the only credit card organization in the People's Republic of China (PRC). Founded in March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the PBOC. It is also the only interbank network in China excluding Hong Kong and Macau, linking the ATMs of some fourteen major banks and many more smaller banks throughout mainland China. It is also an EFTPOS network. Image File history File links ChinaUionPay. ... This article does not cite any references or sources. ... Credit cards A credit card is a system of payment named after the small plastic card issued to users of the system. ... Also see: 2002 (number). ... The Peoples Bank of China (PBC) (Simplified Chinese: 中国人民银行; Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to... An interbank network, also known as an ATM consortium or ATM network, is a network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... “Banker” redirects here. ... EFTPOS (Electronic Funds Transfer at Point of Sale) is a device by which sales transactions can be directly debited to the customers bank account at the point of sale, through the use of a debit card (sometimes the same card used with Automatic Teller Machines). ...

Contents

History

With the approval of the People's Bank of China, China UnionPay was launched on March 26, 2002 in Shanghai by PBOC governor Dai Xianglong, with the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank serving as its first members.[1] However, the concept of a unified Chinese bank card network dates back to 1993, with the formation of the "Golden Card Project" advocated by then-Chinese president Jiang Zemin. UnionPay is considered the descendant of the Golden Card Project, although attempts at unifying China's various credit card and interbank networks have been in place since the 1990s.[2] The Peoples Bank of China (PBC) (Simplified Chinese: 中国人民银行; Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to... March 26 is the 85th day of the year (86th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Shanghai (Chinese: ; pinyin:  ; Wu (Long-short): ZÃ¥nhae; Shanghainese (IPA): ), situated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China and the ninth largest in the world. ... Industrial and Commercial Bank of China (ICBC) (Simplified Chinese: ; Traditional Chinese: ; Pinyin: , more commonly just 工行 Gōngháng) is the largest of Chinas Big Four state-owned commercial banks, the other 3 banks being the Bank of China, Agricultural Bank of China, and China Construction Bank, and one of... The Agricultural Bank of China ( 中国农业银行, pinyin: Zhōngguó Nóngyè Yínháng ) is one of the big four banks in the Peoples Republic of China. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: ; Traditional Chinese: ; pinyin: ; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... Jiāng Zémín (Traditional Chinese: 江澤民, Simplified Chinese: 江泽民, Hanyu Pinyin: Jiāng Zémín, Wade-Giles: Chiang Tse-min, Cantonese (Jyutping): gong1 zaak6 man4) (born August 17, 1926) was the core of the third generation of Communist Party of China leaders, serving as General Secretary of the Communist...


Use abroad

While China UnionPay cards are making great inroads outside China, they are not widely accepted as of yet. However, since 2006, China UnionPay cards can be used in over twenty further countries outside China, including the United States, Japan, Singapore, Malaysia, Thailand, Germany, France, and Australia.[3] UnionPay cards are also making inroads into other countries' interbank networks, with some networks, such as BancNet in the Philippines, already accepting UnionPay cards at the ATM level and the Point-of-Sale of all SM Prime Holdings, Inc.'s Department Store, Supermarket, Hypermarket, Super Sale, Watson's, Sports Central, Appliance and Toy Kingdom. An interbank network, also known as an ATM consortium or ATM network, is a network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks. ... BancNet is an interbank network connecting the ATM networks of thirty-four banks in the Philippines. ... This article does not cite any references or sources. ... the SM Prime Logo SM Prime Holdings, Inc. ...

  • Australia - UnionPay cards are accepted at National Australia Bank ATMs[4], and Cashcard ATMs (a First Data company).
  • Japan - accepted in Japan Post's cash machines
  • Germany - some Sparkassen already accept UnionPay cards at ATMs for Euro withdrawals.
  • Russia - Citibank and VTB accepts UnionPay cards at ATMs.
  • Thailand - Kasikorn Bank accepts UnionPay cards at ATMs (yellow in color) for Thai Bhat withdrawals as well as TMB Bank ATMs (blue and red in color)
  • United States - Citibank accepts UnionPay cards at ATMs for USD withdrawal. In May 2005 Discover Network announced an alliance with China UnionPay Network. The two companies have signed a long-term agreement that allows acceptance of Discover Network brand cards at UnionPay ATMs and point-of-sale terminals in China and acceptance of China UnionPay cards on the PULSE network in the U.S.[5] As of November 1, 2007, China UnionPay cards may be accepted where Discover Network Cards are accepted in the United States, Canada, Mexico, Central America and the Caribbean.[6]
  • Vietnam - East Asia Commercial Bank, Saigon Bank For Industry and Trade accepts UnionPay cards at ATMs for VND withdrawal

The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) colloquially the National or the NAB. The NAB is part of the NAB Group. ... First Data Corporation (NYSE: FDC) is a payment processing company based in Greenwood Village, Colorado. ... Japan Post ) is a public corporation in Japan offering postal and package delivery services, banking services, and life insurance. ... Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... VTB (former Vneshtorgbank) is one of the leading universal banks of Russia and the largest in terms of authorized capital. ... The Thai Farmers Bank or Kasikornbank is one of the major banks of Thailand. ... Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Discover Card is a credit card issued primarily in the United States, with 50 million cardholders. ... PULSE is an interbank network and EFT association purchased by Discover Card in 2005. ... ISO 4217 Code VND User(s) Vietnam Inflation 7. ...

Members

UnionPay is the primary network of the following banks listed below:

Other UnionPay-affiliated organizations include the China Postal Savings and Remittance Bureau, certain municipal commercial banks as well as rural credit cooperatives. Other financial institutions in cities that are already capable of issuing cards will issue UnionPay cards in succession. Overall, there are 165 financial institutions that issue UnionPay cards. The Agricultural Bank of China ( 中国农业银行, pinyin: Zhōngguó Nóngyè Yínháng ) is one of the big four banks in the Peoples Republic of China. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: ; Traditional Chinese: ; pinyin: ; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... Bank of Communications HKEx: 3328 (Simplified Chinese: 交通银行, traditional Chinese: 交通銀行) Founded in 1908 (the 34th year of the Guangxu reign period, Qing Dynasty), the Bank of Communications emerged as one of the first few major national and note-issuing banks in China in the early days, and was chartered as the... Bank of Shanghai (Simplified Chinese: , Traditional Chinese: ; pinyin: Shànghǎi Yínháng) is a bank based in Shanghai in the Peoples Republic of China. ... The Bank of Beijing (Simplified Chinese: ; Traditional Chinese: ; pinyin: Běijīng Yínháng) is a bank based in Beijing, Peoples Republic of China. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... China Merchants Bank (SEHK: 3968),(SSE: 600036),is a bank headquartered in Shenzhen, China. ... China International Trust Investment Company (中國國際信托投資公司) or commonly known as CITIC is a state-owned investment company of the Peoples Republic of China, established by Rong Yiren in 1979 with the approval from Deng Xiaoping. ... Guangdong Development Bank (Simplified Chinese: ; Traditional Chinese: ; Pinyin: , abbreviated: 广发行) is a bank based in Guangzhou, Guangdong, Peoples Republic of China. ... Industrial Bank Co. ... Industrial and Commercial Bank of China (ICBC) (Simplified Chinese: ; Traditional Chinese: ; Pinyin: , more commonly just 工行 Gōngháng) is the largest of Chinas Big Four state-owned commercial banks, the other 3 banks being the Bank of China, Agricultural Bank of China, and China Construction Bank, and one of... Shanghai Pudong Development Bank is a bank based in Shanghai, China. ... Shenzhen Development Bank Co. ... Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. ... For cooperative as used in biochemistry, see cooperative binding. ...


Outside China, UnionPay has partnerships with other ATM networks. UnionPay has a partnership with JETCO in Hong Kong and Macau, both of which are not included in the UnionPay system, although this ended as of January 1, 2006. UnionPay also has affiliations with other banks' networks: this is identified with a UnionPay sticker being displayed usually on the door of the ATM room or on the ATM itself. The sticker has the UnionPay logo and the words "Welcome to use China UnionPay cards" displayed on the bottom in English and Chinese. Logo of JETCO JETCO (Traditional Chinese: 銀通) (full name: Joint Electronic Teller Services Limited, Traditional Chinese: 銀聯通寶有限公司) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. ... is the 1st day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ... The English language is a West Germanic language that originates in England. ...


UnionPay credit cards are not yet widely accepted outside mainland China; however, they are starting to gain acceptance in the United States, Western Europe, East Asia and Southeast Asia. The borders of Western Europe were largely defined by the Cold War. ... Geographic East Asia. ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ...


See also

The examples and perspective in this article or section may not represent a worldwide view. ...

References

  1. ^  Remarks by Mr. Dai Xianglong, Governor of the PBC at the Opening Ceremony of China Unionpay, People's Bank of China Press Release, March 26, 2002
  2. ^  Strong Measures to be Taken to Achieve the Target of Connecting Bank-Card Networks This Year, People's Bank of China Press Release, March 27, 2002
  3. ^  China UnionPay extends coverage globally, Xinhua news agency, February 2, 2006
  4. ^  China UnionPay accepted in U.S. on Discover/Pulse networks, People's Bank of China Press Release, December 6, 2005.
  5. ^  National Australia Bank and China UnionPay form new bond, Banking Business Review, September 26, 2006.
  6. ^  Cards Accepted in the United States

The Peoples Bank of China (PBC) (Simplified Chinese: 中国人民银行; Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to... March 26 is the 85th day of the year (86th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... The Peoples Bank of China (PBC) (Simplified Chinese: 中国人民银行; Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to... is the 86th day of the year (87th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Front gate of the main building of Xinhua News Agency in Beijing For other uses, see Xinhua (disambiguation). ... is the 33rd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ...

External link

  • China UnionPay


Interbank networks by region
Multiregional:

Cirrus | Maestro | PLUS An interbank network, also known as an ATM consortium or ATM network, is a network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks. ... Cirrus is a worldwide interbank network. ... Maestro is an international debit card service; a joint venture by MasterCard and Europay International. ... Addition is one of the basic operations of arithmetic. ...

Africa:

CashNet | Interswitch | SASWITCH A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ...

Asia Pacific:

1LINK | ACS | ALTO | Artajasa | atm5 | ATM BCA | ATM Bersama | ATM BII (Superkasa) | BancNet | BANCS | Bankline | Cashnet | CashTree | ENS | ETC | Expressnet | Himbara | JETCO | EPS | Link | MICS | MEPS | MegaLink | MITR | MNET | NFS | Nationlink | UnionPay | Yucho | FISC Map showing general definition of Asia-Pacific The term Asia Pacific or Asia-Pacific, sometimes abbreviated as APAC, generally applies to the littoral East Asia and South East Asia states that are near the Pacific Ocean, plus the states in the ocean itself (Oceania). ... 1LINK (Guarantee) Limited is a consortium of major banks that own and operate the largest representative shared financial services network of Pakistan. ... . The initial letter is shown capitalized due to technical restrictions. ... Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. ... ATM Bersama is one of the many interbank networks in Indonesia, connecting the ATM networks of twenty-one banks in Indonesia. ... BancNet is an interbank network connecting the ATM networks of thirty-four banks in the Philippines. ... Bankline is a interbank network of South Korea, for regional banks. ... Cashnet is an interbank network in India managed by Euronet India Pvt. ... CashTree is an interbank network in India that has been in operation since March 2004 Bank of India is the settlement bank for this network. ... Encash Network Services, or ENS, is a planned interbank network that would connect the ATMs of four rural banks in the Philippines, eventually aiming to expand to include all rural banks in the Philippines. ... Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. ... Logo of JETCO JETCO (Traditional Chinese: 銀通) (full name: Joint Electronic Teller Services Limited, Traditional Chinese: 銀聯通寶有限公司) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. ... Electronic Payment Services (易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. ... The Malaysian Electronic Payment System, commonly known as MEPS, is the only interbank network service provider in Malaysia, counting among its members from mostly local and foreign banks in the country. ... MegaLink is an interbank network connecting the ATM networks of twenty-three major banks in the Philippines. ... NFS(National Financial Switch)is an interbank network in India managed by Euronet India Pvt. ... Nationlink is an interbank network and EFTPOS network in the Philippines. ... This article is about the interbank network. ...

Caribbean:

ATH | Caribbean CariCard Services Inc. (Caricard) | CarIFS | InfoLink Services Limited (LINX network) | Midas | Unired “West Indian” redirects here. ... Caribbean Integrated Financial Services Inc. ...

Europe:

4B | Altın Nokta | BamCard | BankAxept | Bankomat | BKM | Cash Group | CB | DIAS | Eufiserv | Euronet | LINK | Multibanco | Ortak Nokta | Otto. | Sbercard | ServiRed | StarNet | Zolotaya Korona World map showing the location of Europe. ... Bancomat is the term used to refer to automatic teller machines in continental Europe. ... Groupement des Cartes Bancaires CB (CB Bank card association), also known as simply CB, is Frances national interbank network, with over 46,000 ATMs and over 1 million EFTPOS acceptance points. ... LINK is an interbank network operating in the United Kingdom. ... Multibanco is an interbank network in Portugal, linking the ATMs of 27 banks in Portugal, which total some 11,115 machines as of July 2006. ... Otto. ... Sbercard ((Russian: ), is national Russias interbank network. ... Zolotaya Korona ((Russian: ), is inter-regional interbank network. ...

Middle East:

123 | BANCS | Bankernet | CSC | JoNet | NAPS | OmanSwitch | Shetab | SPAN | UAE Switch A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Egyptian Banks Co. ... The Shetab system is the only electronic banking clearance and automated payments system used in Iran. ... In aircraft design, see Wingspan. ...

North America:

Abby | ACCEL/Exchange | Access 24 | Advantage | Alaska Option | Alert | Allpoint | Annie | ARN | Award | BankMate | BOH | Cash Station | Checkokard | CO-OP | Credit Union 24 | Credomatic | Discover Network | Easy Answer | Express | Express Teller | Fastbank | Gulfnet | HandiBank | Handy 24 | Honor | Instant Cash | Instant Teller | Interlink | Interac | Jeanie | KETS | LYNX | MAC | Magic Line | Member Access Pacific | Minibank | Money Belt | Money Network | MoneyMaker | Money Station | MOST | MPact | Networks | NYCE | Peak | Presto! | Pulse | Quest | RED | Red Total | SC 24 | Service Card System | SHAZAM | STAR | SUM | The Exchange | Transact | Transfund | TX Network | Tyme | Universal Money Center | Via | X-PRESS 24 | Yankee 24 North America North America is a continent[1] in the Earths northern hemisphere and (chiefly) western hemisphere. ... Abby was the name of an interbank network connecting Hibernia National Banks ATMs in Louisiana and Texas. ... ACCEL/Exchange is an interbank network. ... STAR is an interbank network and EFTPOS network in the United States. ... Allpoint is an interbank network in the United States connecting ATMs in all 50 states. ... STAR is an interbank network and EFTPOS network in the United States. ... STAR is an interbank network and EFTPOS network in the United States. ... CO-OP Financial Services, formerly known as CO-OP Network, is a interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. ... Discover Card is a credit card issued primarily in the United States, with 50 million cardholders. ... STAR is an interbank network and EFTPOS network in the United States. ... Interlink is the EFTPOS division of VISA, operating mainly in the United States. ... Interac Logo Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ... Jeanie is an ATM network. ... Type species Felis lynx Linnaeus, 1758 The overall range of Lynx species. ... STAR is an interbank network and EFTPOS network in the United States. ... Magic Line is the sophomore studio album by New Zealand Pop rock band Stellar*, released by Sony BMG on October 21, 2001 in New Zealand. ... An NCR interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... A Money belt refers to a pouch of some sort that is usually worn under a shirt on the skin in order to protect valuables from thieves and/or pickpockets. ... STAR is an interbank network and EFTPOS network in the United States. ... NYCE is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. ... The Presto! logo This article or section does not cite its references or sources. ... PULSE is an interbank network and EFT association purchased by Discover Card in 2005. ... SHAZAM is an interbank network providing electronic funds transfer services to more than 1600 financial institutions in 29 US states, primarily in the midwestern United States. ... STAR is an interbank network and EFTPOS network in the United States. ... SUM is an interbank network network in the U.S. state of Massachusetts. ... The Exchange allows its members to share ATMs in Canada without an extra surcharge. ... TYME (Take Your Money Everywhere) is an ATM/interbank network in Wisconsin and the Upper Peninsula of Michigan. ... STAR is an interbank network and EFTPOS network in the United States. ...

South America:

GlobalNet | Link | Redbanc | Telebanco | Unicard | Conexus | Suiche 7B | Banelco South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... Redbanc is an interbank network in Chile connecting the ATMs of 21 banks. ... This article does not cite any references or sources. ...

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