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Why Chinese UnionPay Becomes More Attractive Than American Visa?

A new leader has emerged in the debit card market as UnionPay has surpassed Visa in transaction volume for the first time. Chinese payment system has surpassed Visa in transaction volume, securing 40.03% of the market compared to Visa s 38.78%, according to a study by Nilson Report. ....

United States , Mikhail Mishustin , Jia Jinjing , Chongyang Institute For Financial , Renmin University Of China , Russian Prime Minister Mikhail Mishustin , Chongyang Institute , Financial Studies , Renmin University , Chinese Unionpay , American Visa , Transaction Volume ,