China UnionPay (CUP) is a national bankcard association established in March 2002 and with the approval of the State Council and the People’s Bank of China.
Over 150 CUP domestic member banks issued more than 1.5 billion bankcards, among which 0.54 billion were CUP standard cards.
Currently, over 14 million inter-bank transactions are processed daily with a transaction volume over RMB 10 billion.
(1) Suits best to companies who want to sell products to consumers in China
(2) Transaction in Yuan, settlements in Korean Won or US Dollar
(3) Most widely used payment method in China, debit card with no risk
(4) PayGate is the only Payment Gateway in Korea directly linked to CUP
(1) Access millions of proven online shoppers from China through PayGate Payment Gateway service.
(2) Build your customer base in China, the largest market in the world
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