China UnionPay’s growing regional power a thorn in Visa’s transactional hegemony
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A competitive and more transparent fee structure is driving local banks to increase their load with China UnionPay By Thomas Zink and Cindy Jin
![The Asian Banker ,[object Object],[object Object],[object Object],[object Object]](https://image.slidesharecdn.com/cupvsvisappt-100617030559-phpapp02/85/China-UnionPay-s-growing-regional-power-a-thorn-in-Visa-s-transactional-hegemony-1-320.jpg)
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China UnionPay’s growing regional power a thorn in Visa’s transactional hegemony
- 3. China UnionPay’s share of the payment market in Asia Pacific is still negligible compared with Visa's Asia business Transaction volumes for Visa Asia Pacific, China and CUP Global Payments Source: Asian Banker Research
- 4. Despite the slump in Asia's payments industry, China UnionPay gained market share Market Shares in Payment Processing in Asia Pacific Source: Asian Banker Research * includes China's domestic retail payments
- 5. With rising scale of the Chinese credit card market, international players are desperately trying to get access China's Share of the Credit Card Base and Value of Transactions in Asia Pacific Source: Asian Banker Research