China’s UnionPay Overtakes Visa in Debit Transactions as Global Financial Realignment Continues

May 28th 2023 1:09pm EDT

Launched in 2002, the Chinese state-owned bank card and financial services company has sprouted into a major global payments system, with its cards accepted in over 180 nations and jurisdictions around the world, and transactions measured in the hundreds of billions of dollars annually.

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