Since April 2006, when the POS consumption business of UnionPay cards was opened in Australia, the number of merchants who can accept UnionPay cards has increased rapidly. At present, major cities that accept UnionPay cards are Sydney and Melbourne. In addition to major duty-free shops (DFS in Sydney and DFS on the Gold Coast), tens of thousands of other merchants of National Australia Bank will also open UnionPay card acceptance services one after another. ?
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China UnionPay was established in March 2002. With the approval of the State Council and the approval of the People's Bank of China, China Bank Card Association is headquartered in Shanghai.
As a joint bank card organization in China, China UnionPay is in the core and pivotal position in the bank card industry in China and plays a fundamental role in the development of the bank card industry in China. Through the inter-bank transaction clearing system of UnionPay, banks have realized the interconnection between systems, thus realizing the inter-bank, inter-regional and cross-border use of bank cards.
On the basis of building and operating the inter-bank transaction clearing system of UnionPay and realizing the universality of bank card networking, China UnionPay actively cooperates with commercial banks and other industrial parties to promote the unification of UnionPay card standards and norms and build its own brand of bank cards; Promote the development and application of bank cards; Maintain the market order of bank card acceptance and guard against bank card risks.
Through the inter-bank transaction clearing system of UnionPay, the interconnection and resource sharing between commercial banking systems can be realized, and the inter-bank, inter-regional and cross-border use of bank cards can be ensured.
As of June 20 17, unionpay network has spread all over China, and has been extended to 160 countries and regions outside Asia, Europe, America, Oceania and Africa.
Baidu Encyclopedia-China UnionPay