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China Merchants Bank. Deposit, loan, credit card and other banking services. China Merchants Bank ( CMB) ( Chinese: 招商银行; pinyin: Zhāoshāng Yínháng) is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities ...
UnionPay ( Chinese: 银联; pinyin: Yínlián ), also known as China UnionPay ( Chinese: 中国银联; pinyin: Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China.
Electronic Payment ServicesEPS. Electronic Payment Services ( simplified Chinese: 易办事; traditional Chinese: 易辦事; pinyin: Yì bànshì ), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985. The service is provided by EPS Company ...
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
The Industrial and Commercial Bank of China ( ICBC; Chinese: 中国工商银行) is the largest bank in China, and in the world, by total assets as of April 2024. [ 8] ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has ...
An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [ 1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express .
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China Merchants Group. Originally in Shanghai. Now headquartered at Hong Kong. China Merchants Group Limited ( Chinese: 招商局集团; pinyin: Zhaoshangju Jituan) is a state-owned enterprise (SOE) of the People's Republic of China. The company operates under the auspices of the Chinese Ministry of Transport.