Global payment network UnionPay has partnered with FinTech company TripLink to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration aims to address the cross-border payment needs of businesses, particularly in the airlines and hotel industries, the companies said in a Tuesday (Oct. 10) press release. The UnionPay Virtual...
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. In addition to this, 69% of...
UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30), marking its tenth year in operation. “During these ten years, the digital transformation of the global payments industry has developed...
In today’s top Europe, Middle East and Africa (EMEA) news, Swedish delivery company Instabox has raised $190 million in growth equity, while money automation startup Flow Your Money brought in 3.5 million euros (about $3.8 million) to further help freelancers with money management. Swedish Delivery...
January 31, 2020
If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement. That theme was apparent in both sets of news reports out of China this week: with movement of both the best kind in the form of expanded commerce capacity and movement of the […]
January 24, 2020
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in...
November 22, 2019
The headlines focus on trade wars, on tariffs, on shifting supply chains and on slowing GDP growth. And yet the Chinese consumer keeps spending — on travel, on luxury goods...
June 14, 2018
The market for Chinese consumers in search of education and medical care in the United States and around the world is large – and growing. China is the world’s leading...
February 03, 2026
Visa clients around the world will soon be able to send cross-border remittances and business-to-consumer payouts to more than 95% of UnionPay debit cardholders in mainland China. This offering will be enabled by a new agreement between the two companies, and it is expected to be launched during the first quarter, they said in a […]
August 10, 2023
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation,...
December 30, 2022
UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30), marking its tenth year in...
April 20, 2022
Russian and Chinese entities that provide alternatives to the dominant Visa and Mastercard payment networks may reap significant benefits from sanctions the West imposed in response to Russia’s invasion of...