Merchants domiciled outside of China can accept CUP cards through their acquirers. UnionPay International (UPI) offers interchange rates to acquirers based on country, MCC,...
CROSS BORDER CHINESE PAYMENTS
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In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.
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.,...