Global e-commerce to benefit from Chin UnionPay credit and debit cards

Posted by: elegant  :  Category: Ecommerce

Chinese customers are dominating the luxury goods purchases throughout the world.  In response to the heavy local and overseas demand, China UnionPay is now allowing its card members to use its cards for online purchases.  This will include approximately 3.2 billion cards issued by China UnionPay as well as cards issued by Discover and CardinalCommerce, and those merchants who accept these cards beginning in 2013.  The UnionPay Online Payments service from China UnionPay is its e-commerce solution and provides users with safe and secure payment service.

UnionPay operates the Chinese inter-bank clearing and settlement system, and develop and maintain the worldwide UnionPay acceptance network.  The Chinese government holds a substantial ownership of the UnionPay and remaining owners include major financial institutions in China.  More than 130 countries accept China UnionPay cards and those 3.2 billion card holders as well as the e-commerce community could benefit from the enhanced services.  More than 400 financial institutions worldwide will also benefit.  Discover Financial Services is a direct banking and card services provider since 1986.  Discover is also one of the largest card provider in the U.S.  Discover is accepted over 180 countries worldwide.