Merchants honoring UP can benefit from not restrictive risk allowance and less severe consequences of monitoring programs and exceeded thresholds.
UnionPay cards can be used in 141 countries and regions around the world. Making it the third-largest payment network by value of transactions processed, behind Visa and MasterCard. Some UnionPay credit cards are also affiliated with American Express, MasterCard or Visa, and they can be used abroad as an American Express, MasterCard or Visa.
But UnionPay is not only popular in China. The card is broadly accepted in Hong Kong, Macao, Taiwan, Korea, Japan, Singapore, Malaysia, Thailand and the rest of Asia-Pacific. UnionPay acceptance is increasing also in other regions. The year-on-year growth rate of transaction amount in the United States, Britain, France, Switzerland, Germany and Italy markets in the summer was higher than the overall average growth rate of the above mentioned markets.
We are proud and happy having a chance of giving such opportunity to our customers and are working further for the new goals.
In case you’d like more information, do not hesitate to contact our representative