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Xu Luode China Unionpay
 

Xu Luode China Unionpay

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    Xu Luode China Unionpay Xu Luode China Unionpay Presentation Transcript

    • March 14, 2008 30th Efma Convention: Leadership in retail finance 13 p.m. & 14 March 2008 - Paris Xu Luode President China UnionPay 1
    • March 14, 2008 March 14, 2008 Welcome to HUAWEI Unionpay Brings Opportunities China Technologies pp p y g to presentation European Retail Finance Industry XU Luode, President and CEO of China Unionpay
    • March 14, 2008 Table of Contents Part I. CUP, growing with China’s economy Part II. Visions of CUP Part III P t III. CUP and E d European retail fi t il finance I d t Industry 3
    • March 14, 2008 Part I CUP, growing with China’s economy 1. Development stages of China’s bankcard Industry 2 CUP meeting market needs 2. CUP, 3. CUP’s five major achievements j 4
    • March 14, 2008 Development stages of China’s bankcard Industry • Cards could not be used in different banks’ terminals or in different regions • Inter-bank transactions started in big cities • Cross-region transactions started in big cities 5
    • March 14, 2008 CUP, meeting market needs • Strong market needs – To support inter-bank cross-region usage of cards inter bank, cross region – To improve the transaction success rate • The establishment of China Unionpay – Date:March 26, 2002 – Shareholders:over 70 domestic commercial banks – Headquarters:Shanghai q g 6
    • March 14, 2008 CUP’s five major achievements 1. Cultivating and developing domestic acceptance market 2. 2 Promoting bankcards with CUP BINs 3. Strengthening cooperation with overseas p g g p partners 4. Actively promoting the innovation of payment products and services i 5. Cooperating with domestic banks to educate cardholders 7
    • March 14, 2008 Achievement 1 - Cultivating and developing domestic acceptance market By the end of 2007, • 740 000 domestic merchants 740,000 • 1,180,000 domestic POS terminals • 123,000 domestic ATMs 8
    • March 14, 2008 Achievement 2 - Promoting bankcards with CUP BINs • In 2003, obtained the ISO BINs for CUP cards • By end of 2007, 530 million cards issued with CUP BINs 2007 BINs, including 16.5 million credit cards • In 2007, CUP system switched 4 billion inter-bank transactions, with a total amount of 438 billion USD. 9
    • March 14, 2008 Achievement 3 - Strengthening cooperation with overseas partners t • win-win cooperation with overseas partners • competitive pricing and effective promotions to Chinese outbound travelers • By the end of 2007, CUP’s overseas network include: – 125 thousand merchants, 174 thousand POS t th d h t th d terminals i l – 366 thousand ATMs 10
    • March 14, 2008 CUP network covers 26 countries and regions • Asia Pacific: Hong Kong, Macau, Singapore, Japan, Korea, Malaysia, Thailand, Australia, New Z l d etc. Th il d A t li N Zealand, t • Europe: France, Germany, Italy, Switzerland, Netherlands, Austria, Spain, Belgium, Luxemburg Belgium Luxemburg, Turkey • North America: the United States • Africa: Egypt 11
    • March 14, 2008 Achievement 4 - Actively promoting the innovation of payment products and services • Mobile payment • Internet payment • Fixed-line phone p y p payment • Inter-bank fund transfer • Cross-border remittance 12
    • March 14, 2008 Achievement 5 - Cooperating with domestic banks to educate cardholders cardholders. • Solution to the strong preference of cash – Initiated various trainings to promote usage of bankcards – Enhanced the domestic recognition of bankcard p y g payment • Bankcards become a preferable payment tool by urban Chinese Chi 13
    • March 14, 2008 Part II Visions of CUP 1. China’s golden opportunities 2. CUP s 2 CUP’s five major targets 14
    • March 14, 2008 China’s golden opportunities • Two big events – Beijing Olympics in 2008 – Shanghai World Expo in 2010 15
    • March 14, 2008 Rapid increase of GDP and Foreign Trade GDP Foreign Trade g USD tn USD tn 6 5 4.5 50 5.0 5 4 4 3 3.4 3 3 2.2 2 2 1 1 0 0 2007 2012 2007 2012 16
    • March 14, 2008 Rapid increase of Retail Consumption and Inbound/outbound Travelers Total Retail Consumption Inbound/outbound travelers USD tn million 2.0 250 2 250 200 1.5 173 1.2 150 1 100 00 0.5 50 0 0 2007 2012 2007 2012 17
    • March 14, 2008 CUP’s five major targets 1. To build a more extensive acceptance network both in and outside China 2. To forge an international bankcard brand with wide influence 3. To set up a large-scale payment technology center 4 T improve service quality i li with i t 4. To i i lit in line ith international standard ti l t d d 5. To establish a risk control system with advanced technology, full coverage and effective monitoring 18
    • March 14, 2008 Part III CUP and European retail finance industry 1. The increasing trade and tourism between China and EU 2. CUP, 2 CUP a new option to European Retail finance industry 19
    • March 14, 2008 The increasing trade and tourism between China and EU • 2003 - 2007, trade between China and Europe from 162 billion USD to 448 billion USD, annual growth rate 44% • In 2006, China’s investment in EU exceeded 2 billion euros. • Currently, over 30 European countries enjoyed ADS (Approved Destination Status) 20
    • March 14, 2008 CUP, a new option to European Retail finance industry • To further develop acceptance network in Europe • To encourage Chinese travelers to use CUP cards • To continuously improve the domestic market y p • To provide more efficient and convenient payment services for European visitors E i it 21
    • March 14, 2008 Common Cause, Same Goal and Mutual Benefit • To follow China’s steady steps towards the world • To bring China opportunities to Europe • To achieve mutual success with European retail finance p industry 22
    • March 14, 2008 THANK YOU 23