UnionPay Business

What UnionPay Business does

UnionPay Business (银联商务支付股份有限公司) is a wholly-owned operating subsidiary of China UnionPay (中国银联), the state-backed national card payment network majority-owned by major Chinese state-owned commercial banks. Founded in 2002 and headquartered in Shanghai, the company operates the chinaums.com platform providing comprehensive payment acceptance and merchant financial technology services across China. Its core offering is a unified payment processing infrastructure supporting near-field payment (NFC/QuickPass), online payment (net banking, quick pay, mobile remote payment), POS terminals, and cross-border transactions, accepting all major payment methods including UnionPay, Alipay, WeChat Pay, Apple Pay, and bank cards.

The company's product architecture is modular and layered: a Comprehensive Payment Services core is supplemented by vertical industry solutions (logistics via Dahua Jietong, dining, smart parks, smart city, healthcare, tourism, public transportation), merchant technology services (Yinshang Brain AI suite with RPA/low-code/BI, E-Takeout for delivery integration, E-Invoicing, cloud ERP), the Tianman SaaS Platform ecosystem, the Open Platform (open.chinaums.com) for developer API integration, the Tiantianfu inclusive finance platform, and the Quanminhui marketing service. It holds a Payment Business License issued by the People's Bank of China and a Value-Added Telecommunications Business License, both recently renewed in 2026.

UnionPay Business generates revenue across five primary streams: payment processing transaction fees (core), subscription-based merchant technology services (SaaS), cross-border transaction fees, supply chain/logistics financing through the Dahua Jietong platform, and affiliate referral fees from the Tiantianfu financial information service. Its go-to-market combines direct enterprise field sales through a nationwide branch network covering all major Chinese cities with self-serve digital platforms for SMB merchant onboarding. In 2026, the company has positioned itself at the forefront of Chinese AI-driven payments with the launch of voice-command AI Payment (June 2026) and the MCP Agent Payment Service for autonomous agent transactions (announced WEF Davos, January 2026).

Name

UnionPay Business

Legal name

银联商务支付股份有限公司

Website

https://chinaums.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

UnionPay Business is a wholly-owned subsidiary of China UnionPay that operates China's largest merchant-facing payment acceptance network, providing POS, online, NFC, and cross-border payment processing alongside SaaS, AI, and financial services to merchants across 14+ industry verticals.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAMABAA

Integrated Payment Processors (PSP/Acquirer)

Financial & Insurance/Payments & Transaction Processing/Payment Processors & Merchant Acquirers

SECONDARYFSAMACAA

Merchant Payment Gateways (API/Hosted Checkout)

Financial & Insurance/Payments & Transaction Processing/Payment Gateways & Orchestration

SECONDARYCRAFALAB

Merchant Acquiring & Card Processing (PSPs)

Consumer Products & Retail/E-commerce & Marketplaces/Digital Payment Solutions for E-commerce

SECONDARYBPAMAFAB

Merchant Acquiring & Processing Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYFSAGAKAD

Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods

Financial & Insurance/Financial Technology (Fintech)/Remittance & Cross-Border Money Movement

SECONDARYFSABAIAH

Merchant & Commercial Acquiring (POS/eCommerce acquiring for corporates)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Transaction Banking (Cash Management & Treasury Services)

Keywords

• Payment processing services
• Merchant acquiring services
• Cross-border payment solutions
• POS terminal services
• Financial information services

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Payment Processing / Transaction Fees: UnionPay Business generates revenue primarily through transaction fees charged on payment processing across POS terminals, online payments, near-field payments, and cross-border transactions. The platform supports all major payment methods including UnionPay, Alipay, WeChat Pay, bank cards, and cash.
2. Financial Information Services (天天富): The 'Tiantianfu' (天天富) platform provides financial information services connecting merchants with third-party loan, investment, and insurance products. Revenue is generated through referral fees and commissions from financial product partners including banks and consumer finance companies.
3. Industry/Merchant Technology Services: SaaS-based technology services for merchants including ERP integration, E-invoicing, E-takeout, digital marketing, and AI tools (RPA, low-code, BI). Revenue generated through subscription fees and service charges.
4. Cross-border Payment Services: International payment services including cross-border e-commerce payment collection, global acquiring, tuition payment services, international remittance, and foreign card acquiring for inbound travelers.
5. Supply Chain / Logistics Financing: Factoring and supply chain finance services through the Dahua Jietong platform, providing accounts receivable financing for logistics companies.

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

UnionPay Business operates a comprehensive payment services platform providing offline payment (NFC, smart terminals, cash registers), online payment (online banking, quick pay, mobile remote payment), and cross-border payment (cross-border goods payment, e-commerce collection, global acquiring, foreign card acquiring) to merchants across China. The company supplements payment processing with financial information services (loans, investments via the Tiantianfu platform), merchant technology services (ERP integration, E-Takeout, E-Invoicing), digital marketing services (Quanminhui platform), and AI-powered services (Yinshang Brain RPA, low-code, BI).

Product overview

UnionPay Business (银联商务支付股份有限公司) operates a comprehensive payment and financial technology platform with a modular architecture. The core offering is 综合支付服务 (Comprehensive Payment Services) encompassing offline payment terminals, online payment gateways, and cross-border payment solutions. Supporting this core are specialized vertical solutions including 大华捷通 for logistics, 餐饮行业解决方案 for dining, and smart park/smart city solutions. AI-powered offerings include 银商大脑 (Yinshang Brain) suite with RPA, low-code development, and BI capabilities. The 天满服务平台 provides a SaaS ecosystem for merchants and developers, while 银联商务开放平台 enables API integrations. Financial services are provided through 天天富 inclusive finance platform, and marketing services through 全民惠. Digital certification and security services are delivered via CFCA partnerships for electronic contracts and digital certificates.

Differentiator

Problem solved

Functional benefit

Brands

• 大华捷通: Logistics industry payment solution supporting COD (cash-on-delivery) business for e-commerce merchants, offline merchants, logistics companies and logistics parks.
• 天天富
• 天满服务平台
• 银商大脑
• 银联商务开放平台
• 全民惠
• E外卖
• E开票

Products and services

• Comprehensive Payment Services (综合支付服务)

Quantifiable outcome

• AI-powered risk control system achieves 85% accuracy

Named customers6 records

Segments9 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature11 records

Partnerships

Two partnerships are on record, tiered minor.

• Shanghai Municipal Government (2026 Shanghai Summer International Consumption Season)minorStrategic or Co-development Partner · 15 June 2026UnionPay was a named partner company in the 2026 Shanghai Summer International Consumption Season (July-October 2026), a four-month tourism and entertainment initiative organized around six themed sections. The program featured major events including the Rolex Shanghai Masters, Shanghai Disney Resort's 10th anniversary, and the Music in the Summer Air festival. Partner companies included China Eastern Airlines, Ant Group, Bank of China, Visa, and UnionPay.
• World Economic Forum (WEF)minorStrategic or Co-development PartnerUnionPay participated in the World Economic Forum in Davos in January 2026, presenting its vision for cross-border payment connectivity and responsible AI applications. Dong Junfeng, president of China UnionPay and UnionPay International, spoke at a WEF roundtable outlining the 'new quadripartite model' for emerging markets and the AI-powered risk control system.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lakala Payment: One of China's largest licensed payment acquirers, providing POS terminals, online payment processing, and merchant services. Directly competes with UnionPay Business in the Chinese merchant acquiring market with similar SMB and enterprise focus.
• Allinpay (通联支付): Licensed Chinese payment processor providing integrated payment, acquiring, and financial technology services to merchants. Competes with UnionPay Business across POS, online payment, and industry-specific payment solutions.
• Huifu (汇付天下): China-based payment processor and acquirer offering POS, online payment, and SaaS-based merchant services. Competes with UnionPay Business in the multi-method payment acquiring space, with particular focus on vertical-specific solutions.
• YeePay (易宝支付): Chinese licensed payment service provider offering online, mobile, and cross-border payment solutions with industry-specific verticals (travel, education, retail). Directly competes with UnionPay Business in industry-tailored payment processing.

Broad incumbents

• Ant Group (Alipay): Operates Alipay, China's dominant consumer payment platform, and provides merchant acquiring services through its ecosystem. While much broader in scope (consumer finance, wealth, insurance), it is the dominant competitor in Chinese payment acquiring with significantly larger transaction volumes.
• Tencent (WeChat Pay): Operates WeChat Pay, one of China's two dominant consumer payment platforms, integrated with the broader Tencent ecosystem (mini-programs, social commerce). Competes with UnionPay Business in merchant QR-code acquiring and consumer payments.
• Visa: Global card network and payment processor operating worldwide. Partnered with UnionPay in the 2026 Shanghai Summer International Consumption Season; competes in cross-border acquiring and global card payment processing.

Emerging players

• LianLian Global (连连国际): Chinese cross-border payment specialist serving e-commerce merchants with collection, FX, and disbursement services. Overlaps with UnionPay Business's cross-border payment offering, particularly in跨境电商收款 (cross-border e-commerce collection).
• PingPong: Chinese cross-border payment platform serving e-commerce merchants with global collection and disbursement. Competes with UnionPay Business's cross-border e-commerce collection services, particularly for SMB cross-border sellers.

Others

• ChinaPay (银联电子支付): Online payment service subsidiary of China UnionPay, providing e-commerce payment gateways and online acquiring services. Sister entity within the UnionPay network with adjacent but more focused online-only scope versus UnionPay Business's broader POS and merchant services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/china-unionpay-merchant-services

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UnionPay Business