Maverick China Third-Party Payment Profiles: China UnionPay

Table of Contents

1 Industry Overview: Key Factors Shaping Third-Party Payments in China

• 1.1 Continued preference for cash payments, but bank card payments rising
• 1.2 Credit card use remains low; debit cards widespread
• 1.3 Limited coverage of non-cash payment services
• 1.4 China UnionPay' s bank card monopoly
• 1.5 Quasi-online payment systems an interim solution
• 1.6 Two ISPs, 162 million Internet users
• 1.7 Two mobile operators, 500 million subscribers
• 1.8 Contactless smartcard use increasing but largely limited to buses and subways
• 1.9 Government regulations and the “national interest”

2 China UnionPay: The Gateway to China' s Payment Industry

• 2.1 Ownership, management team, investors
  • 2.1.1 Major subsidiaries
• 2.2 Business Performance, Revenue Model, Users
• 2.3 Services and coverage
• 2.4 Markets and channels
• 2.5 Marketing and branding
• 2.6 Partners
• 2.7 Users figures and profile
• 2.8 Competitive analysis: strengths and weaknesses
• 2.9 Outlook

List of Figures

• Figure 1: Credit cards issued in China and in the US (M)
• Figure 2: Internet Users in China, 2001-2006
• Figure 3: Mobile Subscribers in China, 2002-2010F (M)
• Figure 4: China government groups involved in third-party payment regulation
• Figure 5: Shanghai CardInfo' s telephone payment terminal
• Figure 6: Merchant fees for CUP partners
• Figure 7: Comparison of merchant and user fees for other payment models in China
• Figure 8: China tier-1 city data, 2005
• Figure 9: Countries where CUP is accepted
• Figure 10: CUP-Visa market comparison
• Figure 11: CUP inter-bank and payment network partners
• Figure 12: CUP technology partners
• Figure 13: Total debit cards issued in China, 2005-1H2007 (M)
• Figure 14: Total CUP credit cards issued in China, 2005-1H2007 (M)
• Figure 15: CUP acceptance (POS and merchants) in China, 2004-1H2007 (' 000s)
• Figure 16: CUP ATM network in China, 2004-1H2007