Propelled on March 2002 in Shangai, China UnionPay (otherwise called UnionPay or CUP) is the main residential Visa association in the People’s Republic of China (PRC). China UnionPay is a relationship for China’s saving money card industry, working under the endorsement of the People’s Bank of China (PBOC, national bank of China).
Since their reality in 2002, CUP is the main interbank organize in China barring Hong Kong and Macau, connecting around 500,000 ATMs of somewhere in the range of 14 noteworthy banks and numerous littler banks all through territory China. Other than interbank organize, CUP likewise goes about as an EFTPOS (Electronic Funds Transfer at Point of Sale) arrange and as of now, CUP card can be utilized as a part of more than 100 nations and locales around the world.
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