What We’re Reading: China UnionPay becomes payment-card market leader

What We’re Reading: China UnionPay becomes payment-card market leader

China Daily USA published this article based on insights featured in Packaged Facts’ brand-new report, Commercial Payment Cards: U.S. and Global Market Trends, 9th Edition.

China UnionPay’s (CUP) ambitious approach to building partnerships has helped it become the largest payment-card network in the world, according to the author of a recent market report.

“CUP has aggressively forged partnerships with bank card issuers and processors across the globe, and buoyed by network reciprocity agree...


For commercial payment cards, globalization is good business-but competition is increasing

For commercial payment cards, globalization is good business-but competition is increasing

Globalization is occurring at a rapid pace, requiring increased simplification and control over employer payments and expenses across multiple countries. Among payment providers (networks and card issuers alike), this has undoubtedly caused growing pains, as they struggle to craft solutions sophisticated and robust enough to meet global challenges of many stripes-regulatory and operational hurdles among them.

But in plain English, it also means payments expansion-following the arc of global gr...