The full name of China UnionPay is China UnionPay Co., Ltd. (English: UnionPay, abbreviated as CUP), which is a China bank card joint organization approved by the People's Bank of the State Council and China. Headquartered in Shanghai, China, it was established in March 2002. By 2065438+September 2009, it has become the largest card organization in the world, issuing nearly 8 billion bank cards.

China UnionPay is in the core and pivotal position in China's bank card industry and plays a fundamental role in the development of China's bank card industry. Through the inter-bank transaction clearing system of UnionPay, banks have realized the interconnection between systems, thus realizing the inter-bank, inter-regional and cross-border use of bank cards.