What is the difference between "China UnionPay" and "UnionPay Business"? Do they belong to the same group company?

They have different functions and are not the same company.

First, the company is different

1. China UnionPay is China's own bank card organization. Its function is to establish and operate the national inter-bank information exchange network of bank cards and realize the nationwide networking of bank cards. Similar to Visa abroad.

2. UnionPay Business is a national company controlled by China UnionPay, which is engaged in the professional service of bank card acquiring.

Second, the content of responsibility is different.

1. UnionPay Business is a subsidiary of UnionPay, which is mainly responsible for the protection and maintenance of acquiring business and acquiring equipment.

2. China UnionPay is mainly responsible for forwarding and clearing UnionPay card transactions.

Third, the company's philosophy is different.

1, China UnionPay

The basic function of China UnionPay is to build and operate the infrastructure of the inter-bank transaction clearing system for bank cards, popularize unified bank card standards and norms, and provide efficient inter-bank information exchange, clearing data processing, risk prevention and other basic services. At the same time, joint commercial banks will build their own brand of bank cards, promote the independent and scientific development of the bank card industry, and safeguard national economic and financial security.

2. UnionPay business

Strength lays an advantage, and dreams ignite hope. Adhering to the concepts of "being an expert in bank card service, creating the preferred brand of customers" and "serving the society and facilitating the public", relying on the traditional advantages of the bank card acceptance market, we are facing the future.

UnionPay will strive to provide customers with comprehensive, differentiated and high-quality comprehensive payment services with richer service channels, more flexible service means and more professional service technology, and continue to make contributions to improving the bank card acceptance market and the domestic comprehensive payment environment.

Relying on the "UnionPay" national bank card brand, UnionPay strives to build a "high-quality, efficient, standardized and professional" service brand, which has been fully recognized by the People's Bank of China, commercial banks and merchants, enjoying a good market reputation in China and having certain international influence.

Baidu Encyclopedia-China UnionPay

Baidu encyclopedia-unionpay commerce co., ltd