UnionPay International (UPI) announced today that with significant progress in 
Latin America, UnionPay acceptance network has now extended to 180 countries 
and regions, over half of which accept UnionPay mobile payments. As many as 55 
million merchants worldwide take UnionPay cards. According to a report released 
by RBR , UnionPay is among the most widely accepted card brands in the world. 

With its vast network, UPI is striving to serve more overseas residents, 
facilitate China's exchange with other countries, and boost the internal and 
external circulations. A total of more than 150 million UnionPay cards have 
been issued in 67 countries and regions outside Mainland China. Meanwhile, 
UnionPay is leading the development of digital payment in some of the Asia 
Pacific countries and regions through its services offered to local consumers.

Expanding the Width and Depth of the Global Acceptance Network

'Since the COVID-19 outbreak, UPI has been developing use cases for 
contact-free transactions. Such moves are meant to meet the diverse payment 
needs of overseas UnionPay cardholders in these challenging times.

Three million merchants outside Mainland China were enabled for UnionPay card 
acceptance last year, boosting the coverage in Europe, North America, and the 
Asia Pacific to 70%, 70%, and 90% respectively. UnionPay QR payment or mobile 
QuickPass are now supported by more than eight million merchants in 93 
countries and regions outside Mainland China, including over 30 new markets 
such as Brazil, Hungary and Tajikistan. The number of UnionPay QR code 
merchants has doubled. 

UnionPay cards are now supported by nearly 22 million online merchants in more 
than 200 overseas markets. UnionPay enables cardholders to make payments in the 
comfort of their homes by providing distinctive payment services for use cases 
such as food delivery and online tuition payments. In 2020, UPI's online 
transaction volume grew by nearly 15% year-on-year. 

Moving towards a More International Brand

UnionPay joined hands with Cebuana Lhuillier Rural Bank, a Philippine partner, 
to issue six million debit cards at the end of 2020. As the largest UnionPay 
card issuance project in the Belt and Road markets last year, this 
collaboration demonstrates UPI's stronger commitment to business localization 
through working closely with overseas partners.

All UnionPay card issuance projects have been implemented as scheduled in 
markets including Russia, Mongolia, and Africa, with more than 20 million cards 
issued last year. Particularly in the Asia Pacific region, one in four new 
cards is branded UnionPay. Despite the YoY drop by two thirds in global air 
passenger traffic, the transaction volume of UnionPay cards issued overseas has 
grown as the cards are used by local cardholders to make everyday purchases. As 
many as 90% of purchases with UnionPay cards issued in Hong Kong SAR, Macao 
SAR, South Korea, Pakistan, Russia and Central Asia take place locally.

According to Oriental Daily News in Hong Kong, UnionPay mobile payment products 
have recorded significant growth in transaction volume in spite of the decline 
in consumer spending in Hong Kong and Macao. Both transaction counts and volume 
grew by nearly 400% during the pandemic. The Hong Kong and Macao version of the 
UnionPay App launched two years ago has enrolled almost all local UnionPay 
issuers, leading to the enablement of UnionPay QR payment in 15 issuer apps. 
The UnionPay QR payment, with 1.6 million users in the region, has become one 
of the most popular mobile payment services among local residents.

Mobile payment is becoming the focus of cooperation for a growing number of UPI 
partners overseas. UPI has launched over 90 mobile payment products in Hong 
Kong, Macao and other locations outside Mainland China. Such products take the 
forms of the UnionPay App, mobile pay products (or OEM Pay), and QR code 
e-wallets. New users, totaled nearly five million last year. Mobile payment 
products are used for one in five transactions generated by UnionPay cards 
issued overseas.

In recent years, UPI has been enhancing its digital payment capabilities and 
launched more than 20 digital payment service platforms, offering whole-process 
technical support to its partners in conducting UnionPay business. In 
particular, such platforms have improved the efficiency of rolling out mobile 
payment services.

SOURCE  UnionPay International