Differences

1. Different regions.

Visa is an international credit card organization. Visa currently has its cooperative card-issuing banks and its own acquiring lines in most countries around the world. Credit cards with the Visa mark can be used in most countries around the world, regardless of which country's bank the card is issued by. Visa is no exception in China. All credit card issuing banks are partners of Visa, and Visa also has its own acquiring line in China.

UnionPay is our own country’s bank card organization. UnionPay has also issued its own RMB single-currency credit card, which is universal within China and can be used at UnionPay POS machines and ATMs with the UnionPay logo outside China. Also available.

2. The uses are different.

If you only consume domestically, UnionPay is the best choice, but if you often need to spend abroad, a VISA card is essential. In recent years, in order to cater to the needs of users, major banks have launched dual-currency cards, namely UnionPay + visa, so that users can use UnionPay channels for domestic consumption and visa channels when traveling abroad.

3. The card rights are different.

Visa is not just synonymous with payment cards or credit products. Products and services branded with Visa represent the safest, most convenient and most reliable payment method, allowing consumers to conduct transactions at any time, anywhere and in any way. Visa is committed to cooperating with the People's Bank of China and Chinese banks. Cooperate to ensure that China's payment industry will effectively support the sustained and rapid economic development in the future. It is the kind of card that people often swipe in shopping malls, commonly known as bank cards/credit cards/debit cards.

The purpose of launching the "UnionPay" logo is to provide a unified identification mark for various automated teller machines (ATMs) and point-of-sale terminals (POS) to accept bank cards issued by commercial banks, so that they can be used Bank cards issued by different banks can be used in ATMs and point-of-sale terminals with the "UnionPay" logo, providing consumers with convenient, fast and safe financial services.

Extended information:

The difference between Visa cards

There are five major credit card brands in the world, namely Visa International and MasterCard International. MasterCard International) and three professional credit card companies: American Express International Co., Ltd. (America Express), Diners Club, and JCB Japan International Credit Card Company (JCB).

Visa International is currently the world's largest credit card and traveler's check organization. Visa International owns brand trademarks such as Visa, ELECTRON, INTERLINK, PLUS and VisaCASH.

MasterCard International is the world's second largest international credit card organization. MasterCard International owns MasterCard, Maestro, Mondex, Cirrus and other brand trademarks.

Visa and MasterCard have built a global alliance for credit card consumption. After domestic banks cooperate with them, credit cards issued by domestic banks can be used for credit card consumption within their alliance. You can choose to apply for a Visa credit card or MasterCard credit card when applying for a credit card.

Reference materials:

Baidu Encyclopedia - Visa Card

Baidu Encyclopedia - UnionPay Card