Purpose of UnionPay: adopt advanced information technology and modern corporate management mechanism, establish and operate an extensive and efficient inter-bank information exchange network system for bank cards, formulate unified business norms and technical standards, realize efficient inter-bank general and business joint development, popularize UnionPay cards, actively improve the acceptance environment, promote the rapid development of China bank card industry, and build UnionPay brand into a major international bank card brand.
Business scope of the company
(a) the construction and operation of a unified national bank card interbank information exchange network;
(2) Providing advanced electronic payment technology and specialized services related to inter-bank information exchange of bank cards.
(three) to carry out technological innovation of bank cards;
(four) management and operation of the "UnionPay" logo;
(5) Formulating norms and technical standards for interbank transactions of bank cards, and coordinating and arbitrating disputes over interbank transactions;
(six) organize industry training, business seminars and international exchanges, and engage in related research and consulting services;
(seven) other related services approved by the People's Bank of China.