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Sector Analysis
China Cards and Payments – Opportunities and Risks to 2027
China Cards and Payments Market Report Overview The China cards and payments market size was valued at $19.5 trillion in 2023 and is expected to achieve a CAGR of more than 6% during 2023-2027. China is the world’s largest payment card market in terms of transaction value. The People’s Bank of China (PBOC) (the country’s central bank) and card issuers have launched initiatives such as enforcing a cap on merchant service fees and making efforts to change consumer payment habits....
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Company Insights
China UnionPay – Competitor Profile
China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. CUP used to be the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country were required to route yuan-based transactions through CUP’s electronic payment network. However, a new regulation was issued in 2015, paving the way for international card schemes to enter...
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Analyst Opinions
China UnionPay – Competitor Profile
China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. It is the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network. Card issuance under the UnionPay brand is mostly concentrated in China. UnionPay founded its UnionPay International subsidiary in 2004...
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Analyst Opinions
Payment Company Profile: China UnionPay
China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. It is the sole scheme provider of payment cards in China. According to Chinese central bank regulation, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network. Card issuance under the UnionPay brand is mostly concentrated in China. UnionPay founded its UnionPay International subsidiary in 2004...
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Analyst Opinions
Competitor Profile: China UnionPay
China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. It is the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network. Card issuance under the UnionPay brand is mostly concentrated in China. UnionPay founded its UnionPay International subsidiary in 2004...