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Competitor Profile: China UnionPay

  • ID: 4239932
  • Company Profile
  • January 2020
  • Region: China
  • 16 pages
  • GlobalData
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FEATURED COMPANIES

  • ACI Worldwide
  • Bank of New Zealand
  • China UnionPay
  • HSBC
  • PayPal
  • Samsung Pay
  • MORE
Competitor Profile: China UnionPay

Summary

China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. It is the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network.

Card issuance under the UnionPay brand is mostly concentrated in China. UnionPay founded its UnionPay International subsidiary in 2004 to capitalize on rising demand for payment cards among Chinese students studying abroad, as well as international travelers and the overseas Chinese diaspora.

While the issuance of UnionPay cards is limited to 58 countries, the cards are accepted in 177 countries globally. They are supported by CUP’s collaboration with international banks and payment service providers such as HSBC, Barclays, Standard Chartered Bank, United Overseas Bank (UOB), Russian Standard Bank, Bank of New Zealand, PayPal, and Halyk Bank.

In addition to card issuance and payment card processing, CUP offers the QuickPass mobile payment service, enabling consumers to pay with their smartphone at contactless point-of-sale (POS) terminals. It also offers a QR-code payment service, enabling users to make payments by scanning the UnionPay QR code displayed at merchant stores. Users can also make in-app and online payments.

The report provides information and insights into China UnionPay including -
  • Detailed insight into its business
  • Comprehensive coverage of its products and services
  • Comparative assessment with key alternative payment solutions
  • Information on its performance, including its revenue model
  • The company's important events and milestones
Scope
  • China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China and the State Council in March 2002.
  • In December 2015, CUP introduced mobile payment solution QuickPass.
  • In March 2018, CUP launched UnionPay International Mobile Payment Service, enabling commercial banks, retailers, mobile phone manufacturers, and third-party institutions to accept UnionPay mobile payment solutions outside China.
  • In September 2019, CUP partnered with SBM Bank Kenya to launch UnionPay prepaid cards in Kenya.
Reasons to buy
  • Gain insights into China UnionPay's business operations and key events.
  • Gain insights into its product portfolio and revenue model.
  • Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACI Worldwide
  • Bank of New Zealand
  • China UnionPay
  • HSBC
  • PayPal
  • Samsung Pay
  • MORE
1. Overview

2. Market Size

3. Market Structure

4. Manufacturers and Brands

5. Taxation and Retail
5.1. Taxation
5.2. Retail Prices

6. The Smoking Population

7. Production and Trade
7.1. Production
7.2. Imports
7.3. Exports

8. Operating Constraints
8.1. Advertising Restrictions
8.2. Health Warnings/Labeling Requirements
8.3. Other Restrictions

9. Company Profiles

10. Prospects & Forecasts

11. Appendix
11.1. What is this Report About?
11.2. Time Frame
11.3. Product Category Coverage
11.4. Methodology
11.5. About the Author
11.6. Disclaimer
11.7. Contact Us

List of Tables
Table 1: Cigarette Consumption, 1990-2018
Table 2: Cigarette Consumption: Legal v Non-Duty-Paid, 2007-2018
Table 3: Per Capita Consumption, 1990-2018
Table 4: Duty-Paid Market Breakdown, Domestic v Imported, Million Pieces, 2008-2018
Table 5: Duty-Paid Market Breakdown, Domestic v Imported, % Volume, 2008-2018
Table 6: Manufacturer Sales & Market Share, Million Pieces, 2000-2018
Table 7: Manufacturer Sales & Market Share, Percentage, 2000-2018
Table 8: Bulgaria Brand Family Shares, % Volume, 2001-2014
Table 9: Trends in Taxation Rates, 2004-2019
Table 10: EU Countries, Retail Price & Tax Incidence Comparison, 2019
Table 11: Retail Prices: Selected Domestic Brands, Lv Per Pack, 2006-2015
Table 12: Retail Prices: Selected Imported Brands, Lv Per Pack, 2006-2015
Table 13: Smoking Population, 1990-2018
Table 14: Smoking Prevalence by Age Group & Gender, % Breakdown, 2008
Table 15: Production of Cigarettes, Million Pieces, 1990-2018
Table 16: Cigarette Imports, Volume Trends, Million Pieces, 1999-2018
Table 17: Imports of Cigarettes by Country of Origin, Million Pieces, 2008-2018
Table 18: Imports of Cigarettes by Country of Origin, % , 2008-2018
Table 19: Cigarette Exports, Volume Trends, Million Pieces, 1990-2018
Table 20: Cigarette Exports by Country of Destination, Million Pieces, 2008-2018
Table 21: Cigarette Exports by Country of Destination, %, 2008-2018
Table 22: Company Profile: KT International SA
Table 23: Consumption Forecasts to 2028

List of Figures
Figure 1: Methodology
Figure 2: Author at a Glance
Note: Product cover images may vary from those shown
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  • China UnionPay
  • People’s Bank of China
  • HSBC
  • Barclays
  • Standard Chartered Bank
  • United Overseas Bank (UOB)
  • Russian Standard Bank
  • Bank of New Zealand
  • PayPal
  • Halyk Bank
  • Discover
  • Mi-Pay
  • Samsung Pay
  • Apple Pay
  • Visa
  • Mastercard
  • ACI Worldwide
  • Axiata Telecom Group
  • Barclaycard
Note: Product cover images may vary from those shown
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