UnionPay Online Payment is a bank card online transaction transfer and clearing platform created by China UnionPay to meet the online payment needs of all parties. It is also China's first financial-grade pre-authorized guaranteed transaction function and fully supports all types of UnionPay An integrated and comprehensive online payment platform for cards. UnionPay Online Payment is a bank card online transaction transfer and clearing platform jointly created by China UnionPay and various commercial banks. As an integrated and comprehensive tool for UnionPay Internet payment, UnionPay online payment covers a variety of payment methods such as certified payment, quick payment, stored value card payment, online banking payment, etc., and is widely used in shopping payment, repayment transfer, business travel services, and fund subscription. , corporate collection and payment and many other fields. It has six major characteristics: convenient, fast, safe and reliable, globally applicable, financial-grade guaranteed transactions, comprehensive merchant services, and threshold-free online payment. The simple and flexible fast payment mode eliminates the need to open online banking, speeds up the transaction process, improves user experience, helps banks and merchants attract more customers, and promotes online transactions. Multiple security technology guarantees and real-time risk monitoring fully ensure payment security. Unlike other guaranteed transactions that transfer funds to third-party accounts in advance, the financial-level pre-authorized guaranteed transactions of "UnionPay Online Payment" freeze the transaction funds in the cardholder's own bank account, avoiding interest losses and fund misappropriation risks, and maximizing The rights and interests of banks, merchants and cardholders are guaranteed. With the UnionPay network extending around the world, more and more UnionPay overseas online merchants allow cardholders to "click the mouse and shop online around the world." UnionPay online payment is a key innovative business of China UnionPay. It has far-reaching significance for the development of China's electronic payment and e-commerce industry. It also promotes China's bank card online payment into a new era. China UnionPay will continue to adhere to the concept of "service, innovation, responsibility, and win-win", cooperate sincerely with various cooperative institutions, and work together to continuously meet the increasingly diversified and personalized online payment needs, and jointly promote China The electronic payment industry is developing rapidly and healthily. According to data released by China UnionPay, during the National Day holiday in 2014, the transaction volume of "UnionPay Online Payment" increased by 247% year-on-year, of which the cross-border overseas shopping transaction amount increased by 90%.