There are five major credit card brands in the world, namely VISA International and MasterCard International, and five professional credit card companies, namely America Express, Diners Club and JCB Japan International Credit Card Company (JCB). There are also some regional credit card organizations in various regions, such as EUROPAY in Europe, UnionPay in China, United Credit Card Center in Taiwan Province and so on.

China UnionPay

China UnionPay is a joint-stock financial service institution approved by the People's Bank of China and initiated by more than 8 domestic financial institutions with a registered capital of 1.65 billion yuan. The company was established on March 26th, 22, with its headquarters in Shanghai.

repayment of arrears

In Hong Kong, credit card holders usually receive a monthly statement. If credit card holders used their credit cards to spend money in that month, they need to pay the minimum repayment amount on the monthly statement before the final payment deadline on the monthly statement. Otherwise, the card issuing company has the right to add interest and administrative fees, or hire a debt collection company/credit information center to collect money.

In mainland China, there are corresponding consulting companies for credit card repayment, which can provide certain repayment strategies for cardholders, so that cardholders can use credit cards for more intimate financial services.

Visa

Visa is one of the most famous payment brands in the world. Visa is working hand in hand with visa merchants, ATMs and member financial institutions all over the world to make this dream come true.

Visa global electronic payment network-－VisaNet－-is the most extensive, powerful and advanced consumer payment processing system in the world, constantly fulfilling the promise of making your Visa cartoon line global. More than 2 million merchants worldwide accept Visa cards, and there are more than 84, ATMs all over the world. Therefore, Visa's global network allows you to use your Visa card conveniently no matter where you are.

Visa international organization itself does not issue cards directly. In the Asia-Pacific region, Visa International has more than 7 member financial institutions issuing various Visa payment instruments, including credit cards, debit cards, corporate cards, business cards and purchasing cards. These products can make you feel safe, convenient and reliable when you consume.

Visa established representative offices in Beijing and Shanghai in 1993 and 1996 respectively. Visa has 17 Chinese-funded member financial institutions and 5 foreign-funded member banks in China, including UnionPay. By the end of March, 25, Visa had issued about 5.4 million Visa cards in Chinese mainland and 17, ATMs, and the transaction volume of Visa in Chinese mainland reached US$ 3.2 billion.

MasterCard

MasterCard International established an internationally accepted credit card system from the late 195s to the early 196s, which immediately became popular in the world. In 1966, an organization called Interbank CandAssociation was formed. In 1969, the Bank Card Association purchased the patent right of MasterCharge, and unified the name and design of credit cards of various card issuers. In the following ten years, the original name of MasterCharge was renamed MasterCard. Mastercard international is a non-profit association that includes financial institutions all over the world. Its members include commercial banks, savings and loan associations and credit cooperatives. Its basic goal remains unchanged: to communicate the information exchange of bank cards between domestic and foreign members, and to facilitate issuers, regardless of their size, to enter the bank card and traveler's checks market and seek development.

VISA and MASTERCARD are the two major credit card organizations in the world. There is no such thing as who is good or who is bad. It depends on your personal preference. Generally speaking, visa is used more in the United States, and master is used more in Europe.

American Express Card

Since the first American Express card was issued in 1958, American Express has issued American Express cards in 49 currencies in 68 countries and regions, building the world's largest self-contained network of special merchants, and has more than 6 million high-quality cardholders. Founded in 185, American Express Company's initial business was to provide express service. With the continuous development of business, American Express took the lead in launching traveler's checks in 1891, mainly for high-end customers who often travel. It can be said that American Express has served high-end customers for a hundred years, and has accumulated rich service experience and a huge group of high-quality customers.

DinersClub International

In the spring of p>195, McNamara invested in partnership with his partner Schneider, and registered the first credit card company in new york, which was later reorganized into Diners Club International. Diners Club implements the membership system and provides members with a card that can prove their identity and ability to pay. Initially, they signed acceptance agreements with 14 restaurants in new york and distributed "Dinka" to a specific group of people. With the card, members can charge to the account in the restaurant, and then Dalai Company acts as the payment intermediary, delaying the accounting settlement between the consumers. The prototype of credit card was born.

JCB credit card

JCB card and Diner's Card are the two earliest card brands in the development history of Japanese credit card industry. At that time, the American Diner Credit Card Company established the Japanese Diner Credit Card Company in Japan in 196, which mainly issued Diner Cards to local high-end customers, and the number of cards issued was very small. After JCB was established, it decided to choose a different road from the high-end user card issued by Dalai, and positioned the card as a popular JCB card.