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  5. PaymentsSource: UnionPay’s European expansion threatens Chinese rivals, not the West

PaymentsSource: UnionPay’s European expansion threatens Chinese rivals, not the West

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3 June 2019

UnionPay’s European expansion threatens Chinese rivals, not the West

PaymentsSource, John Adams, Monday, 03 June 2019

China UnionPay is assembling the relationships it needs to directly issue cards in Europe, but local saturation suggests UnionPay’s best bet is to use European merchant relationships to counter its own domestic rivals in China rather than disrupting Visa and Mastercard.

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News article details

Industry
Corporate Banking, Retail Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America