UnionPay is China’s first financial-level pre-authorization service for secured transactions. The system allows payment for online shopping at any merchant that accepts UnionPay. It has been reported that in 2014, the total amount of cross-bank transactions of CUP card exceeded 41.1 trillion yuan and has grown rapidly since.
Chang Xu, Founder of SilkRoadEXPO said, “We are delighted to partner with Dynamic Payment to provide an exclusive special offer of UnionPay payment services to our Australian retailers. The benefits are enormous and our partnering with this provider cannot be underestimated. She went on to say, “UnionPay is a giant financial transaction platform and SilkRoadEXPO is pleased to be able to offer its Australian members priority access to this premier payment portal. Through this payment portal our Australian members will be able to attract large number of Chinese consumers and tourists. We are working with UnionPay and hope that in time we are able to offer our members these benefits also in other jurisdictions.”
UnionPay cards can be used in 162 countries and regions around the world, making it the third-largest payment network by value of transactions processed, behind Visa and MasterCard. Some UnionPay credit cards are also affiliated with American Express, Mastercard, Visa, and they can be used abroad as an American Express, MasterCard or Visa. UnionPay debit cards, however, can only be used in the UnionPay network and other networks that have signed contracts with UnionPay.
To learn more about China UnionPay, visit this Wikipedia link here: https://en.wikipedia.org/wiki/China_UnionPay
About SilkRoadExpo – To learn more about SilkRoadExpo and their retail partners visit the website here: http://silkroadexpo.com
SilkRoadEXPO is a unique global online portal for smart shoppers, retailers and wholesalers in fashion, accessories, jewellery, weddings, footwear and home decor. It opens unique doorway into the global marketplace. They enable retailers and wholesalers to cost effectively showcase your products to new and existing customers worldwide. SilkRoadEXPO is ideally positioned to take advantage of a rapidly growing global online market that shows no signs of slowing.
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