According to the latest data from China UnionPay, as of 30 August 2015, the number of China UnionPay internet and mobile payment users has exceeded 260 million. China UnionPay online payment has become an important option for cardholders.
So far there are more than 150 countries and regions where China UnionPay card can be used, covering 26 million merchants and 1.9 million ATMs. China UnionPay has set steps in the tourism industry, and strives to achieve the goal of being a global online payment channel.
In the first quarter of 2015, data of Analysys International showedd that transaction value of China third-party payment market reached 3.13657 trillion yuan (US$0.49 trillion), a QoQ increase of 1.43%. Alipay, China UnionPay and TenPay respectively possessed 36.4%, 35.49% and 12.6% market share, which means that a new pattern of the online payment market has been formed and become firmly established in China.
In recent years, China UnionPay online payment products have appeared in more and more mobile internet merchants cashier and has accessed to more than 50,000 domestic and foreign merchants. Its convenient user experience and attractive discounts have attracted online shoppers of all ages. In addition, China UnionPay mobile payments have access to more than 280 banks, covering the widest range of banks in the same industry.
Also read: China E-Payment Insights 2015