According to the latest transaction data released by China UnionPay today, the amount of UnionPay network transfer transactions in 2016 was 72.9 trillion yuan, a year-on-year increase of 35.2%. Innovative payment method, as an auxiliary service for consumption upgrade, has become an important engine for the upgrading of the bank card industry. The breadth of the UnionPay network has been continuously expanded to provide residents with more convenient, safe and efficient domestic and overseas payment services.
The growth rate of UnionPay card interbank transactions continued to grow. From the perspective of consumption structure, the 2016 UnionPay card transaction data shows that supermarkets and daily necessities are still the main expenditure areas for residents' daily consumption; service consumption has also become a key area for residents' consumption, such as catering, refueling passengers and hotels. As well as the proportion of expenditures in health care, education and other fields, they are all among the top in the UnionPay card transaction data.
The “Cloud Flash Pay†mobile payment series has been launched. In 2016, China UnionPay United Commercial Bank, mobile phone manufacturers, telecom operators, etc. jointly released a number of “Cloud Flash Pay†mobile payment products, which were sought after by the market. The UnionPay QR code payment standard has also been launched recently, indicating that the “Cloud Flash Pay†product system will be further enriched.
The user experience continues to improve, and the breadth of the UnionPay network is further expanded. With the popularity of the UnionPay card small-value exemption visa-free service, the cardholder does not need to sign and transfer the designated merchant “cloud flash payment†below 300 yuan. At the same time, the number of merchants, POS (card readers) and ATMs (detail machines) that can use UnionPay cards in the territory continued to grow, with year-on-year growth rates of 23.7%, 7.5% and 2.5% respectively; parking lots, buses, subways, rentals, food markets, etc. Daily consumption scenarios and small and micro businesses are increasingly supporting UnionPay's “cloud flash paymentâ€.
As for overseas use cards, as of the end of 2016, the global acceptance network of UnionPay cards has extended to 160 countries and regions, covering 19 million overseas merchants and over 1.3 million ATMs; UnionPay cards have issued more than 68 million copies in 40 countries and regions overseas. . While the acceptance network continues to improve, the cardholders' overseas card usage and cross-border service experience are more abundant. Not only can 400,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, Singapore and other places use the “Cloud Flash Pay†mobile phone payment, but also Through the cross-border marketing service platform “excellent planâ€, we can obtain overseas payment and positioning services, precise marketing and new consumption reduction experiences.
In the field of promoting economic and trade exchanges and international cooperation, UnionPay has made breakthroughs in promoting China's financial technology standards to “go globalâ€. In 2016, the Thai local transfer system TPN (Thai Payment Network), which was built with UnionPay technical standards, went online and issued more than 1.2 million UnionPay and TPN cards in cooperation with Bangkok Bank. UnionPay also won the bid to become the sole provider of the Asian Payment Network (APN) cross-border chip card standard. It has signed standard licensing agreements with seven APN member institutions, including Singapore, Thailand, South Korea, Malaysia, Indonesia, the Philippines and other countries. The mainstream transit network will use the UnionPay chip card standard as the technical standard for acceptance and card issuance services. In more than 60 countries and regions involved in the “Belt and Roadâ€, nearly 50 countries and regions have accepted UnionPay cards.
In terms of payment security, in 2016, various departments jointly cracked down on new crimes against telecommunication network fraud. UnionPay cardholders use card security more securely. The annual domestic bank card fraud rate is 2.95BP (1BP is 1 in 10,000), which is low. At the global average. In 2016, China UnionPay accumulatively investigated 13,000 cases and investigated suspicious funds of 90.3 billion yuan. The real estate transactions, goods and funds intercepted means to recover losses of 220 million yuan for the industry. According to the latest transaction data released by China UnionPay today, the amount of UnionPay network transfer transactions in 2016 was 72.9 trillion yuan, a year-on-year increase of 35.2%. Innovative payment method, as an auxiliary service for consumption upgrade, has become an important engine for the upgrading of the bank card industry. The breadth of the UnionPay network has been continuously expanded to provide residents with more convenient, safe and efficient domestic and overseas payment services.
The growth rate of UnionPay card interbank transactions continued to grow. From the perspective of consumption structure, the 2016 UnionPay card transaction data shows that supermarkets and daily necessities are still the main expenditure areas for residents' daily consumption; service consumption has also become a key area for residents' consumption, such as catering, refueling passengers and hotels. As well as the proportion of expenditures in health care, education and other fields, they are all among the top in the UnionPay card transaction data.
The “Cloud Flash Pay†mobile payment series has been launched. In 2016, China UnionPay United Commercial Bank, mobile phone manufacturers, telecom operators, etc. jointly released a number of “Cloud Flash Pay†mobile payment products, which were sought after by the market. The UnionPay QR code payment standard has also been launched recently, indicating that the “Cloud Flash Pay†product system will be further enriched.
Ningbo XISXI E-commerce Co., Ltd , https://www.petspetscare.com