1. VISA and MASTERCARD are the two major credit card organizations in the world. If these two cards are lost, the cost of replacing them is very high. The UnionPay card replacement fee is very low.

2. there is no handling fee for unionpay card, and there is 1.5% handling fee for MasterCard or visa.

3. The application scope of VISA and MASTERCARD is larger than that of UnionPay card. VISA and MASTER both use foreign currency channels, which are widely used, while UnionPay uses them less.