TOPIC

/ company

UnionPay

The latest news, analysis and opinion on UnionPay. In-depth analysis, industry insights and expert opinion.

Chairman / President

Cai Jianbo

CEO / Managing Director

Li Xiaofeng

CFO / Finance Director

Zhong Xiaohui

Industry

financial Services

Website

unionpayintl.com

Headquarters address

Building B, No. 498 Guoshoujing Road, Pudong, Shanghai, China

Year founded

2002

Foreign tourists handle their smartphones while buying tickets for a performance at a theatre in China’s Chongqing municipality last month. Photo: Xinhua

China travel

Before Apec meeting, China’s mobile-payment overhaul is helping foreigners spend

Smartphone apps such as Alipay and WeChat Pay now link foreign cards and wallets, easing a cashless barrier that has long frustrated international visitors.

26 Sep 2026 - 10:00AMvideocam

John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

17 Sep 2026 - 12:23AM

John Lee policy address 2026

14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan

17 Sep 2026 - 5:25PM

Hong Kong society

Hong Kong’s iPhone scam: how to shop safely online and prevent credit card fraud

In the wake of Hong Kong’s iPhone credit card scam, experts break down data security risks, 3DSecure and practical online shopping safeguards.

14 Sep 2026 - 5:41PMvideocam

After a wave of unauthorised iPhone pre-orders hit Hong Kong buyers, major banks said victims would not be held liable, provided the transactions were proven to be unauthorised. Photo: Getty Images

China-Latin America relations

UnionPay to link Chinese payment apps to Brazil’s Pix after US tariffs

Central banks stay silent on pilot that would let tourists scan and pay weeks after Washington taxed the system.

8 Aug 2026 - 4:41AMvideocam

Banking & finance

Hongkongers increase cross-border shopping splurges, spending data shows

Price differentials, changing consumer habits make mainland China a ‘major hotspot’ for Hongkongers’ spending, UnionPay International says.

24 Jul 2026 - 7:05AM

Fintech

China-UAE retail QR payment link to boost the yuan’s global push

Beijing linking its retail payment networks with Dubai is another step toward yuan internationalisation and reducing US dollar reliance.

17 Jul 2026 - 3:00PM

Bank of China (BOC) will act as the exclusive clearing bank for Jaywan, the UAE’s national debit card. Photo: Handout

Hong Kong transport

E-payments to attract more riders, cut fare disputes: Hong Kong taxi industry

Representative says industry ready for April 1 requirement, with about 90 per cent of taxi drivers already registered with e-payment platforms.

10 Mar 2026 - 3:52PM

China travel

Japan out, Australia in? China’s tourists heading down under for Lunar New Year

Bookings projected to surge on new flights, flexible itineraries and ease of payment.

14 Feb 2026 - 4:00PMvideocam

E-commerce

China-Kazakhstan cross-border e-commerce ties to grow: Freedom Holding CEO

Kazakhstan has been the primary destination for China’s Belt and Road Initiative investments in the first six months of 2025.

11 Sep 2025 - 7:00AM

Freedom Holding founder and CEO Timur Turlov takes part in the 10th Belt & Road Summit held in Hong Kong on Wednesday. Photo: Elson Li

Apple

Apple eyes Douyin Pay for China App Store while speculation swirls on new iPhone

The potential addition of Douyin Pay to Apple’s China App Store reflects the continued growth of mobile payment services in the country.

13 Aug 2025 - 9:00PM

Apple’s China App Store currently offers mobile payment services from Alipay, WeChat Pay and China UnionPay. Photo: Shutterstock

Huawei

Huawei’s new algorithm could cut China’s reliance on foreign memory chips

Chinese tech firms are leveraging software improvements to compensate for limited access to advanced hardware.

12 Aug 2025 - 5:00PM

Huawei

Huawei to unveil tech to cut China’s reliance on HBM chips: report

While China’s top memory chip manufacturers are making progress, they still lag behind US and Korean rivals such as Micron and SK Hynix.

11 Aug 2025 - 6:01PM

Fintech

Hong Kong-based fintech LianLian Global’s Middle East expansion pays off

Firm expects Dubai operations to contribute 10 per cent of its payment transaction volume in the first year of operations, Hong Kong head says.

16 Jun 2025 - 7:50PM

Hong Kong-based LianLian Global sees big room for growth for its digital remittance services in the Middle East. Photo: Handout

GBA Development Plan fifth anniversary

Expanding tax reforms to fuel GBA’s market integration

How preferential policies and the convenience of online cross-border payments have made life easier for those working outside their home region

Paid Post:

GDToday

Tax officials from the Hengqin Guangdong-Macao In-depth Cooperation Zone tax bureau of the State Taxation Administration providing guidance to the financial personnel of Jetco Technology Co., Ltd. on handling tax preferential policies. Photo: Nie Yaoxin.

China's economic recovery

China’s payment vow an ‘easy but marginal win’ as overseas concerns remain

China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.

9 Mar 2024 - 8:00AM

Ukraine war

Chinese banks ‘refrained’ from dealing with Russia over sanctions fears

Russian officials say they are working ‘to solve’ the issue after reports some Chinese financial institutions had suspended transactions.

11 Feb 2024 - 9:00PMvideocam

Hong Kong transport

More Hong Kong taxis to accept cashless payments under trial for new meter

New system linking meter to e-payment modes will be tested under pilot phase, developers say.

31 Jan 2024 - 7:28PM

Wong Yu-ting, managing director of CabCab and chairman of the Hong Kong Tele-call Taxi Association, shows how the smart taxi meter works. Photo: May Tse

Hong Kong economy

Hong Kong ‘lagging behind’ in e-payments as Octopus, cash still dominate

Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.

26 Jan 2024 - 8:44AM

Hong Kong healthcare and hospitals

Plastic surgeon killed in Wan Chai collision credited for steering Hong Kong sector

Dr Wilson Ho, 59, is remembered by peers and patients as kind, caring and a pioneer in the field.

17 Jan 2024 - 9:58AM

Hong Kong transport

Hong Kong taxis with Octopus readers to accept payment through 2 QR code wallets

Octopus says it will open up its payment networks for the first time in 26 years to UnionPay, Alipay and AlipayHK.

11 Jan 2024 - 10:54PM

Hong Kong taxis have long relied on cash transactions. Photo: SCMP

Singapore

Singapore restricts remittances to China after US$10 million in funds frozen

The three-month suspension follows reports of remittances through Singapore being frozen in beneficiaries’ bank accounts in China by law enforcement agencies.

19 Dec 2023 - 1:44PM

Bundles of 100 yuan notes. Singapore police have received more than 670 reports of remittances being frozen in China, with about US$9.8 million of funds affected. Photo: AFP

Blockchain

Blockchain-managed IDs arrive in China with new government-backed scheme

A new system from China’s Blockchain-based Service Network and the Ministry of Public Security uses real-name verification for cryptographic keys published on a blockchain.

14 Dec 2023 - 2:00PM

Tencent

Tencent ties up with Big Telcos in latest breach of ‘walled garden’

Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes, in Tencent’s latest effort to improve interoperability of tech services under Beijing’s directive.

11 Nov 2023 - 6:30PM

Blockchain

US lawmakers target Chinese blockchains in Web3 decoupling push

Two US House representatives introduced a bill barring executive agencies from contracting with China-based blockchain firms, which have in turn invited the legislators to examine their code.

9 Nov 2023 - 9:30PM

Two US House lawmakers are looking to block government use of Chinese blockchain. Photo: Shutterstock

Fintech

Hong Kong fintech player aims to end cash-only taxis with new payment platform

Wonder, a subsidiary of Bindo Labs, is determined to put its system, which accepts forms of payment including Visa, Mastercard, Alipay and UnionPay, into 10,000 taxis in a year’s time.

5 Nov 2023 - 2:00PMvideocam

Jason Ngan, founder of Bindo Labs. Photo: Handout

Hong Kong transport

‘Old-fashioned’: Hong Kong taxi sector leader urges cabs to install e-payment system

Chau Kwok-keung, chairman of Hong Kong Taxi and Public Light Bus Association, says he will spend HK$1 million to offer free installation of e-payment system.

4 Nov 2023 - 7:30PM

Hong Kong economy

New CEO of Hong Kong’s Octopus aims to shift service ‘from plastic to phone’

Tim Ying says company was gearing up to meet the needs of the new generation by investing more in mobile operations.

1 Oct 2023 - 8:00AM

Help preserve 120 years of quality journalism.

SUPPORT NOW

UnionPay

Before Apec meeting, China’s mobile-payment overhaul is helping foreigners spend

Smartphone apps such as Alipay and WeChat Pay now link foreign cards and wallets, easing a cashless barrier that has long frustrated international visitors.

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan

Hong Kong’s iPhone scam: how to shop safely online and prevent credit card fraud

In the wake of Hong Kong’s iPhone credit card scam, experts break down data security risks, 3DSecure and practical online shopping safeguards.

UnionPay to link Chinese payment apps to Brazil’s Pix after US tariffs

Central banks stay silent on pilot that would let tourists scan and pay weeks after Washington taxed the system.

Hongkongers increase cross-border shopping splurges, spending data shows

Price differentials, changing consumer habits make mainland China a ‘major hotspot’ for Hongkongers’ spending, UnionPay International says.

China-UAE retail QR payment link to boost the yuan’s global push

Beijing linking its retail payment networks with Dubai is another step toward yuan internationalisation and reducing US dollar reliance.

E-payments to attract more riders, cut fare disputes: Hong Kong taxi industry

Representative says industry ready for April 1 requirement, with about 90 per cent of taxi drivers already registered with e-payment platforms.

Japan out, Australia in? China’s tourists heading down under for Lunar New Year

Bookings projected to surge on new flights, flexible itineraries and ease of payment.

China-Kazakhstan cross-border e-commerce ties to grow: Freedom Holding CEO

Kazakhstan has been the primary destination for China’s Belt and Road Initiative investments in the first six months of 2025.

Apple eyes Douyin Pay for China App Store while speculation swirls on new iPhone

The potential addition of Douyin Pay to Apple’s China App Store reflects the continued growth of mobile payment services in the country.

Huawei’s new algorithm could cut China’s reliance on foreign memory chips

Chinese tech firms are leveraging software improvements to compensate for limited access to advanced hardware.

Huawei to unveil tech to cut China’s reliance on HBM chips: report

While China’s top memory chip manufacturers are making progress, they still lag behind US and Korean rivals such as Micron and SK Hynix.

Hong Kong-based fintech LianLian Global’s Middle East expansion pays off

Firm expects Dubai operations to contribute 10 per cent of its payment transaction volume in the first year of operations, Hong Kong head says.

.css-12ooj4n{font-family:Roboto Condensed,Roboto Condensed fallback,sans-serif;}Expanding tax reforms to fuel GBA’s market integration

How preferential policies and the convenience of online cross-border payments have made life easier for those working outside their home region

China’s payment vow an ‘easy but marginal win’ as overseas concerns remain

China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.

Chinese banks ‘refrained’ from dealing with Russia over sanctions fears

Russian officials say they are working ‘to solve’ the issue after reports some Chinese financial institutions had suspended transactions.

More Hong Kong taxis to accept cashless payments under trial for new meter

New system linking meter to e-payment modes will be tested under pilot phase, developers say.

Hong Kong ‘lagging behind’ in e-payments as Octopus, cash still dominate

Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.

Plastic surgeon killed in Wan Chai collision credited for steering Hong Kong sector

Dr Wilson Ho, 59, is remembered by peers and patients as kind, caring and a pioneer in the field.

Hong Kong taxis with Octopus readers to accept payment through 2 QR code wallets

Octopus says it will open up its payment networks for the first time in 26 years to UnionPay, Alipay and AlipayHK.

Singapore restricts remittances to China after US$10 million in funds frozen

The three-month suspension follows reports of remittances through Singapore being frozen in beneficiaries’ bank accounts in China by law enforcement agencies.

Blockchain-managed IDs arrive in China with new government-backed scheme

A new system from China’s Blockchain-based Service Network and the Ministry of Public Security uses real-name verification for cryptographic keys published on a blockchain.

Tencent ties up with Big Telcos in latest breach of ‘walled garden’

Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes, in Tencent’s latest effort to improve interoperability of tech services under Beijing’s directive.

US lawmakers target Chinese blockchains in Web3 decoupling push

Two US House representatives introduced a bill barring executive agencies from contracting with China-based blockchain firms, which have in turn invited the legislators to examine their code.

Hong Kong fintech player aims to end cash-only taxis with new payment platform

Wonder, a subsidiary of Bindo Labs, is determined to put its system, which accepts forms of payment including Visa, Mastercard, Alipay and UnionPay, into 10,000 taxis in a year’s time.

‘Old-fashioned’: Hong Kong taxi sector leader urges cabs to install e-payment system

Chau Kwok-keung, chairman of Hong Kong Taxi and Public Light Bus Association, says he will spend HK$1 million to offer free installation of e-payment system.

New CEO of Hong Kong’s Octopus aims to shift service ‘from plastic to phone’

Tim Ying says company was gearing up to meet the needs of the new generation by investing more in mobile operations.

Expanding tax reforms to fuel GBA’s market integration