The Australian grocery giant Woolworths said on Tuesday [7 February 2017] that it will now accept UnionPay cards at its stores; China’s leading debit and credit cards. Woolworths will offer all forms of UnionPay payment, including the contactless mobile based transactions at its terminals…Full Article: China Daily Feb 2017

Key Points

  • According to China UnionPay Co., Australia is home to the largest number of UnionPay (payment) terminals outside of China.
  • In 2016, according to the Director of Digital Payments at Woolworths, Chinese tourism to Australia surpassed 1 million visits for the first time ever.

ChinaAg Comments

  • Founded in 2002 and headquartered in Shanghai, China UnionPay Co., Ltd. (CUP) is a privately held financial services company that is partly operated/managed by the Bank of China (PBOC). It’s primary competitors in the global banking card market include MasterCard, Visa, American Express, Diners Club and JCB (Japan Credit Bureau).

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