The Chinese Payment Companies Are Colossal… But What They’re Up Against Is Epic.
The big Chinese banks have dealt a huge blow to the country's upstart payments companies (like Alibaba's Alipay) and to the Chinese consumers....
Tag: China UnionPay
Credit vs. Debit and China vs. the U.S.
In the US, Visa and AmEx are growing faster than their domestic rivals - MasterCard and Discover - but globally, China UnionPay is expanding faster than anyone....
The Clash of Credit Card Titans: How China UnionPay Is Surging Ahead
China UnionPay - the Chinese credit card champion - is about to overtake MasterCard by processing volume and is likely to surpass Visa in as few as 2 - 3 years....
Is The Chinese Credit Card Market Worth Fighting For?
The Chinese central bank stopped MasterCard from issuing yuan-denominated credit cards in China, even though the WTO had ruled that this was breaking its rules....
How China UnionPay Is Beating out Visa and MasterCard at Home and Abroad
China UnionPay now has more payment cards in circulation than any of its rivals and is on its way to surpass Visa as the biggest card processor by volume....