I am curious if China has implemented the Unified Payments Interface (UPI), which is a system that allows for instant payment transfers between bank accounts using a mobile phone.
5 answers
AzureWave
Wed Nov 20 2024
It operates under the name Yínlián in Chinese and Zhōngguó Yínlián when translated to pinyin.
MountFujiView
Wed Nov 20 2024
The abbreviation used globally for UnionPay is either CUP or UPI.
SakuraSpirit
Wed Nov 20 2024
As a Chinese state-owned entity, UnionPay enjoys a robust standing within the country.
Michele
Wed Nov 20 2024
Headquartered in Shanghai, China, UnionPay provides extensive financial services.
Maria
Wed Nov 20 2024
UnionPay, also recognized as China UnionPay internationally, holds a significant presence in the financial sector.