Which bank does UnionPay support?

It is also a common quick payment.

Many people want to be part of UnionPay but are not very clear about it, such as which bank is UnionPay and what kind of bank card you need to do to join UnionPay, and today I will explain these issues to you.

1. Which bank does UnionPay belong to?

According to the official introduction, UnionPay is in the People's Bank of China.

Under the guidance of the company, UnionPay and major commercial banks jointly developed and maintained the payment platform, and on December 11, 2017, China UnionPay joined hands.

Commercial banks jointly launched UnionPay.

Therefore, UnionPay does not only belong to a certain bank, its developer is China UnionPay Co., Ltd., and many banks are involved in its development and operation process.

2. UnionPay supports banks

Let's take a look at the banks that UnionPay supports. In fact, basically all the bank cards of mainstream banks can be added to UnionPay payment, including Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Merchants Bank.

Postal Savings, Bank of Communications.

Shanghai Pudong Development Bank, China Everbright Bank, Industrial Bank.

Now you can know that there are many banks supported by UnionPay, and basically mainstream bank cards can be bound to UnionPass, so if you are interested, go ahead and give it a try.

UnionPay and its member banks have built and released a unified banking app in accordance with the concept of new era, new payment and new experience, and adhere to the principles of unified logo, unified standard and unified experience.

UnionPay official website.

Although it is very convenient to use Alipay and WeChat offline payment now, you can enjoy various offline store discounts and bus discounts when you use UnionPay to pay, so which banks support UnionPass? Here are the banks that support the use of UnionPay.

National banks supported by UnionPass:

There are 20 national banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, Minsheng Bank, Guangfa Bank, China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, Ping An Bank, Hengfeng Bank, Bohai Bank, Zheshang Bank, Bank of Beijing and Bank of Shanghai.

Foreign banks supported by UnionPass:

There are 14 foreign banks, including Citibank, Bank of East Asia, Standard Chartered Bank, Societe Generale, United Overseas Bank, Shinhan Bank, Hana Bank, DBS Bank, Nanyang Commercial Bank, Corporate Bank, Dah Sing Bank, Wing Hang Bank (China)****, Woori Bank (China) Co., Ltd., and HSBC Bank (China)****.

Regional banks supported by UnionPass:

There are 530 regional banks, including Anyang Bank, Baoshang Bank, Bank of Chengdu, Bank of Changsha, Bank of Dezhou, Harbin Bank, Hankou Bank, Jinzhong Bank, Rizhao Bank, Zhejiang Rural Credit Cooperative, Zhoukou Bank, Zaozhuang Bank, Yingkou Bank, Xinjiang Bank, Bank of Xi'an, Bank of Xiamen, Weifang Bank, WeBank, Wuhai Bank and Wuhan Zhongbang Bank.

In addition, UnionPay also supports bank cards issued by 26 overseas banks and 2 institutions, BOC Pay Business**** and China Railway JETCO.

UnionPay. It is made by China UnionPay.

A mobile payment tool for mobile payments.

Although there are fewer users using UnionPay than the latter two, UnionPay promotion information is becoming more and more common in life, so what are the benefits and disadvantages of opening UnionPass?

1. What are the benefits of activating UnionPay?

1. Transfer advantages

As a UnionPay product, UnionPay has obvious advantages in the transfer business.

First of all, UnionPay transfers can be made with the card number and name, and if the other party is also a UnionPay user, you can also transfer money directly through your mobile phone number and name, which can be said to be quite convenient.

Secondly, the UnionPay transfer limit is 50,000 yuan, and all transfers within the limit are free of handling fees, including transfers between different banks.

Credit card repaymentsFree of charge

UnionPay supports binding up to 10 UnionPay cards.

Conveniently manage the repayment of multiple credit cards and repay credit cards with UnionPay.

Yes, there is no handling fee.

Alipay and WeChat credit cards have begun to charge handling fees, the charging standard is 1/1000, only Alipay has a basic free limit of 2000 yuan. Therefore, it is relatively cost-effective to repay credit cards with UnionPay.

3. The discount is larger

UnionPay is still in the promotion period, and there are usually some preferential activities with large consumption discounts during important holidays, which is also a big advantage for the wool party.

2. Disadvantages of activating UnionPay

UnionPay does not have a wealth management function, the payment amount is directly spent from the bank card, and the receiving amount is also directly deposited into the bank card, so it cannot be like Alipay Yue Bao.

In the same way, it can be used for daily payments and obtain the expected benefits of financial management.

1.QuickPass, a UnionPay card for small-value PINless and visa-free service. On November 2, 2018, China UnionPay announced the official launch of the UnionPay Card PINless and Visa-free Pilot Program.

When cardholders use UnionPay chip cards or mobile payment devices with the QuickPass logo to make transactions of a certain amount (RMB 300 or less in China) at designated merchants, they can enjoy a pay-and-go experience without entering a password or signing by placing their UnionPay chip card or mobile device close to the terminal QuickPass induction area.

2.QuickPass: It is one of the products of China UnionPay, which is labeled as UnionPay's contactless payment product. When consuming, you only need to take out the bank card with the "QuickPass" function, gently shake it in front of the POS machine marked with the "QuickPass" logo, and complete the payment in 1 second with a "beep".

3.The biggest feature of QuickPass is that consumers do not need to enter a password or sign a single transaction when making a purchase, and they can complete the payment by simply swiping it on the terminal device printed with the QuickPass mark, which is fast and convenient.

Extended Materials. Bank card refers to a credit payment instrument with all or part of the functions of consumer credit, transfer and settlement, cash deposit and withdrawal, etc., which is approved by commercial banks (including postal financial institutions) to be issued to the public. Bank cards have reduced the circulation of cash and cheques, making banking fundamentally different from the limitations of time and space. The use of the automatic bank card settlement system makes a difference"No checks, no cash"will become a reality.

For light users, it is completely replaceable and convenient, but for heavy users, it cannot be replaced at all. UnionPay.

It is made by China UnionPay.

It has been launched by many banks, including more than 80 financial institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank.

In addition to the local functions of online and offline payment, UnionPay also has two functions: bank card management and bank card discount inquiry, which bring together major banks. Advantage 1: Payment functionUnionPay focuses on payment, transfer between bank cards is free, and credit cards are also returned.

It is also free, and you can also check the balance and transaction records, which is very convenient.

2. The promotion is cloudy.

QuickPass offers a lot of deals every day, and there are so many types. 3. Convenient managementSince it supports up to 80 banks, your bank card and credit card can be bound to UnionPay and can be queried at any time, which is very convenient.

Disadvantage 1: Imperfect recordsAlthough UnionPay can query the transaction details of each bank card, it is very imperfect, especially if the UnionPay app is not opened, then you will find that your transaction records cannot appear in UnionPass. 2. Lack of payment ecology Compared with Alipay and WeChat, UnionPay has a very scarce payment ecology, only large supermarkets, shopping malls, and restaurants have UnionPay, and small shops and roadside stalls almost do not support UnionPay, so in this regard, UnionPay has been greatly restricted.

3. Irreplaceable bank appsThe banking app has been developed for many years and has very complete functions, many of which cannot be replaced by UnionPay, such as deposits, loans, and investment and financial management.

The exchange of points can only be operated by the apps of major banks. To sum up, for ordinary people, although everyone may have several bank cards, in fact, the most commonly used cards are about one or two cards, so the bank app only needs to be two, and there is no need to install the app for other bank cards that are not commonly used, and they may not be used several times a year.

UnionPay is a mobile payment software that allows mobile phones to replace bank cards to complete payments, and can only be used on mobile phones and devices that have NFC chips and are supported by UnionPay. UnionPay only has the "payment" function, while major bank apps, in addition to the payment function, can also check balances, transfer funds, repay credit cards, manage money, etc., which cannot be met by UnionPay.