Union Pay China Consumer Opportunity

China Consumer Opportunity

UnionPay is the national card brand in China with approximately 750 million cardholders and 3.2B cards issued.

China has a booming consumer economy and a substantial middle class desiring quality products and most especially authentic U.S. brands.

SingPayment has established the necessary systems to seamlessly authorize and settle transactions between U.S. merchants and UnionPay cardholders.

SingPayment has instituted marketing initiatives directed at UnionPay cardholders residing in China to make purchases from U.S. based merchants residing online.

Get started today and accept UnionPay now to receive new sales and revenue by way of China; it only requires a simple registration process.

UnionPay Online Payments is an independent stand-alone service.  There is no impact to your traditional card type acceptance.

There is no set-up or monthly fees, and per transaction fees are competitive with the other traditional card brands.

5-FACTS WHY UNIONPAY? 5-SIMPLE FACTS!

Beyond the economic upside of garnering Chinese purchasing power, the simple facts are:

1. Online sales require credit card acceptance.
2. UnionPay represents a 98% card issuing market share in China over all other card brands; thus getting the Chinese buyers equates to UnionPay Online Payments acceptance.
3. Of the 2% of Chinese cardholders having a Visa or MasterCard, it cost them a 3% currency conversion fee to make purchases from U.S. merchants; which is not required when they use their preferred UnionPay card.
4. When U.S. merchants accept a Visa or MasterCard from a Chinese consumer, additional cross border fees are assessed above the standard per transaction fee.
5. Chinese have a higher comfort level using their UnionPay card; it’s their preferred choice of payment that translates into additional sales to U.S. merchants.

For further information about the program, please contact SingPayment at +65 6227-6864.