With the approval of the State Council and the People's Bank of China, China UnionPay is a bank card joint organization initiated by more than 80 domestic financial institutions on the basis of merging 18 bank card information exchange centers.

Since the establishment of China UnionPay, under the leadership of the People's Bank of China, it has successfully completed the historical mission of "universal networking" and successfully established its own brand, which has played an important role in serving economic and social development, improving people's livelihood, upgrading financial services and promoting the construction of China's modern payment system.

China UnionPay has formed a strong brand influence and market competitiveness at home and abroad, becoming one of the three largest bank card brands in the world and one of the most influential domestic brands in the world.

The relationship between China UnionPay and banks;

China UnionPay is responsible for the transmission of interbank transaction information of bank cards and has cooperative relations with all banks.