36 pages, Jan 2015
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China UnionPay is the largest global operator by cards in circulation, with over 4.3 billion cards distributed. The operator was launched in 2002 and immediately benefited from a domestic monopoly. CUP is investing in expanding issuing agreements throughout Asia Pacific. In 2012 and 2013, it entered a variety of partnerships focused on increasing its online and international acceptance. The network is owned by the largest Chinese state-owned banks.
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