There are three differences between credit card visa and UnionPay:

1. The issuance time of the two is different:

1. The issuance time of credit card visa: VISA card in Started in 1976, its predecessor was BankAmericard issued by Bank of America.

2. UnionPay issuance time: China UnionPay was established in March 2002. It is a Chinese bank card union established with the approval of the State Council and the approval of the People's Bank of China. It is headquartered in Shanghai.

2. The company nature of the two is different:

1. The company nature of credit card visa: a non-profit organization.

2. UnionPay’s corporate nature: a state-owned enterprise.

3. The service scope of the two is different:

1. The service scope of credit card visa: Visa provides a rich credit card product platform to its financial institution customers, which can satisfy new credit card customers. to high-end consumers, as well as various payment needs of large institutions. Visa's credit card platform also provides value-added services such as a personalized points return system, emergency replacement cards, travel assistance and car rental insurance, which can help card issuers increase customer loyalty and usage.

2. UnionPay’s service scope: providing advanced electronic payment technology and professional services related to bank card inter-bank information exchange. In major cities in mainland China, most ATMs have the UnionPay logo on them and can provide services for bank cards with the China UnionPay logo. Carry out bank card technology innovation.

Formulate bank card inter-bank transaction business specifications and technical standards, coordinate and arbitrate inter-bank transaction business disputes between banks. For example, when using bank cards across banks, there are issues such as the sharing of handling fees between the issuing bank and the acquiring bank. Organize industry training, business seminars and international exchanges, and engage in related research and consulting services. Other related service businesses approved by the People's Bank of China.

Baidu Encyclopedia-VISA (credit card brand)

Baidu Encyclopedia-China UnionPay