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In 2017, 7 Billion Bank Cards Were Issued

In 2017, 7 billion bank cards were issued

On June 20th, the “Blue Book of China Bank Card Industry Development” issued by the China Banking Association showed that the scale of bank card issuance increased steadily in 2017. At the end of last year, the cumulative number of bank cards issued was 7.03 billion, and the number of newly issued cards was 660 million, an increase of 10.3% year-on-year. The growth rate was 3.2 percentage points lower than that of 2016. Among them, bank cards accumulated 4.71 billion live cards, and 530 million were added in the same year.

 

Asian Payments Alliance will adopt the UnionPay standard as the payment standard

Ge Huayong, chairman of China UnionPay, recently revealed in the "2018 Lujiazui Forum" that the "One Belt, One Road" initiative has received extensive support and participation from countries along the route. At present, the Asian Payments Alliance APN has decided to adopt the UnionPay standard as a payment standard, under the APN Association. Seven countries and organizations began to use the UnionPay standard.

 

"Cloud Flash Pay" on-line traffic violation payment service

On June 17, Shanghai's “Smart Traffic Management” field opened the “Cloud Flash Payment” online and offline integrated inter-bank payment service, and China UnionPay helped Shanghai to achieve new breakthroughs in social governance innovation. At that time, for the illegal and off-site violations of the scene, the public can use the "Cloud Flash Payment" APP line to scan the code to pay or use the "Shanghai Traffic Police" APP line to transfer the "Cloud Flash Payment" payment.


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