UnionPay is a bankcard association established under the approval of the State Council and the People's Bank of China. UnionPay has become the central and pivotal part of China's bankcard industry, and plays an essential role in the industry development.
Ever since its establishment, UnionPay has actively responded to the social and economic development in China and the demand for bank cards, with its industrial mission and social responsibilities in mind. UnionPay brings its functions as a bankcard association into full play through cooperation with relevant parties of bankcard industry like commercial banks and professional institutions to blaze a new trail with Chinese feature for the development of China's bankcard industry.
In order to meet the growing demand for card use of the Chinese in overseas business, travel and study, and to extend the services of domestic commercial banks abroad via UnionPay network, As of today, UnionPay cards have been accepted in 98 countries and regions outside China. Presently, financial institutions in 10 countries and regions have officially issued local-currency UnionPay standard cards. UnionPay cards are not only well accepted by the domestic cardholders, but also highly appreciated by cardholders in more and more countries and regions.