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UnionPay International's continuous expansion of its global network sees over 200 million cards issued outside the Chinese Mainland

Retrieved on: 
Friday, December 30, 2022

SHANGHAI, Dec. 30, 2022 /PRNewswire/ -- With the issuance of UnionPay cards exceeding 200 million outside the Chinese Mainland, UnionPay International (UPI) is stepping into a new decade of providing high quality, cost effective and secure cross-border payment services to the world's largest cardholder base. UPI's partners have expanded from 60 initial members since establishment in 2012 to 2,500 institutions internationally with an acceptance network that currently spans 181 countries and regions, 78 of which now issue UnionPay cards, ensuring convenient local services to an ever-growing number of global UnionPay cardholders and merchants.

Key Points: 
  • Presently, outside the Chinese Mainland, 38 million global merchants accept UnionPay cards, a four-fold increase since 2012, with four million new merchants added in 2022 alone.
  • UnionPay card acceptance rates in APAC, Europe and North America have reached 95%, 80% and 80% respectively, while 22 million online merchants in 200 countries and regions now use UnionPay for payments.
  • More than 20 million UnionPay cards have been issued internationally since the beginning of this year, with transaction rates exceeding pre-pandemic levels.
  • In APAC, one-in-four newly issued bank cards is from UnionPay which now accounts for 95% of debit cards in Hong Kong and Macau SAR.

UnionPay International's continuous expansion of its global network sees over 200 million cards issued outside the Chinese Mainland

Retrieved on: 
Friday, December 30, 2022

SHANGHAI, Dec. 30, 2022 /PRNewswire/ -- With the issuance of UnionPay cards exceeding 200 million outside the Chinese Mainland, UnionPay International (UPI) is stepping into a new decade of providing high quality, cost effective and secure cross-border payment services to the world's largest cardholder base. UPI's partners have expanded from 60 initial members since establishment in 2012 to 2,500 institutions internationally with an acceptance network that currently spans 181 countries and regions, 78 of which now issue UnionPay cards, ensuring convenient local services to an ever-growing number of global UnionPay cardholders and merchants.

Key Points: 
  • Presently, outside the Chinese Mainland, 38 million global merchants accept UnionPay cards, a four-fold increase since 2012, with four million new merchants added in 2022 alone.
  • UnionPay card acceptance rates in APAC, Europe and North America have reached 95%, 80% and 80% respectively, while 22 million online merchants in 200 countries and regions now use UnionPay for payments.
  • More than 20 million UnionPay cards have been issued internationally since the beginning of this year, with transaction rates exceeding pre-pandemic levels.
  • In APAC, one-in-four newly issued bank cards is from UnionPay which now accounts for 95% of debit cards in Hong Kong and Macau SAR.