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Latest Industry News

CROSS BORDER CHINESE PAYMENTS

CROSS BORDER CHINESE PAYMENTS

Merchants domiciled outside of China can accept CUP cards through their acquirers. UnionPay International (UPI) offers interchange rates to acquirers based on country, MCC, card product, and sales channel (e.g. retail, ecom). Interchange rates range from 0.20% to...

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Domestic Payments in China

Domestic Payments in China

U.S. companies expanding into China or companies who already have payment operations in China know that the payments landscape is familiar, yet quite different. China operates a four-party payment system (i.e. customer, merchant, acquirer and issuer) like the U.S.,...

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Managing Costs in the COVID World

Managing Costs in the COVID World

COVID seems to have changed everything about our everyday lives, including making a huge impact on card payments. We’d like to provide some insights into what we have seen in our data over the past 6 months of COVID: E-commerce Shift This one is easy. Most of us have...

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