UnionPay

UnionPay is a Chinese bankcard association and payment processing network that operates a global card payment system. It issues cards and processes transactions, primarily focusing on the Chinese market but expanding internationally.

Why it’s in the news: It is in the news due to expanding its global payment network through new partnerships and integrations in countries like Hong Kong, Italy, and Brazil.

Latest on UnionPay

• Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use
• Nexi, JCB and UnionPay team on Italian public transport payments
• UnionPay to plug Chinese payment apps into Brazil’s Pix after US tariffs over the system

Connections

3 entities linked to UnionPay across the news graph.