Start Accepting UnionPay with Rapyd

UnionPay: A Leading Payment Method in China

UnionPay is a Chinese financial services corporation headquartered in Shanghai. Founded in 2002, it is the largest card payment organisation in the world by payment value, offering credit and debit card services, mobile payments, and global acceptance. UnionPay is especially popular in China, where it dominates the market, but it also has a strong presence in other countries and regions, especially in Southeast Asia.

How Does UnionPay Work?

UnionPay cards can be used similarly to other credit and debit cards. In-store, users can swipe or tap their card at a POS terminal. Online transactions can be completed by entering card details, while mobile payments can be made using the UnionPay app or by scanning a QR code. UnionPay also supports peer-to-peer transfers and remittances.

Benefits of UnionPay

• Global Acceptance: UnionPay is accepted in over 180 countries and regions.
• Security: Features like EMV chip technology, tokenization, and real-time risk management ensure secure transactions.
• Versatility: UnionPay supports credit and debit card payments, mobile payments, and online transactions.
• Widespread Use: Over 9 billion UnionPay cards are in circulation, providing access to a vast customer base.

Key Details for Accepting UnionPay

Accepting UnionPay payments with Rapyd is straightforward, here are a few things to keep in mind: 

Countries Supported: Singapore, China
Payment Type: Card, eWallet
Currencies Supported: SGD, USD, AED, AUD, BDT, BND, BRL, CAD, CHF, CNY, COP, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, IQD, IRR, ISK, JPY, KRW, KWD, LAK, LKR, MMK, MOP, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, QAR, RUB, SAR, SCR, SEK, THB, TRY, TWD, VND, ZAR

Features:

• Refundable: Transactions can be refunded.
• Cancelable: Transactions can be cancelled if necessary.
• Supports Subscriptions: Ideal for recurring payments.
• Disputable: Provides mechanisms for dispute resolution.

Here’s How to Get Started:

Contact Rapyd: Reach out to Rapyd to discuss your payment needs and start accepting cards and many other popular alternative payment methods.