Traditional Culture Encyclopedia - Traditional stories - What is UnionPay card?
What is UnionPay card?
UnionPay card refers to a bank card that meets the requirements of unified business norms and technical standards and is printed with the words "UnionPay" at the designated location. According to the relevant person in charge of the People's Bank of China, bank cards with the "UnionPay" logo must conform to the unified business norms and technical standards stipulated by the People's Bank of China and be approved by the People's Bank of China.
The purpose of the "UnionPay" logo is to provide a unified identification mark for all kinds of ATM and POS terminals to accept bank cards issued by commercial banks, so that bank cards issued by different banks can be used on ATM and POS terminals with the "UnionPay" logo, providing consumers with convenient, fast and safe financial services.
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