UnionPay seeks to turn tables on market leaders Visa and MasterCard

Xu Luode

In a rare interview with overseas media, Xu Luode, the president and chief executive of the mainland's bank card association, told the South China Morning Post that UnionPay would strive to improve its global market share by attracting members to its international business arm with a profit-sharing scheme.

Monday, 11 March, 2013, 4:48am

China's UnionPay grows to challenge Visa

A man passes a hoarding advertising UnionPay in Akihabara shopping district in Tokyo. Photo: Reuters

Among the designer brands from Prada to Chanel at the Harrods flagship store in London, Chinese housewife Li Yafang spotted a logo she knows from back home: the red, blue and green of UnionPay cards.

12 Dec 2012 - 12:54pm 2 comments

Investors on the money

People in Hong Kong are considered savvy investors with considerable investment knowledge. Just look at the number of investors hanging around brokerages checking stock prices on an hourly basis.

Research by MasterCard shows that Hongkongers have been ranked third in terms of overall level of financial literacy in Asia-Pacific.

15 Aug 2012 - 11:05pm

'Wins' but no gain in UnionPay card game

The World Trade Organisation's (WTO) ruling on the mainland's electronic-payment market is curiously being portrayed as a 'win' by both the warring parties: China and the United States.

23 Jul 2012 - 12:00am

Tri-Nations' financial success sums up health of the game

Organisers of Rugby World Cup 2011 can take great heart from an economic impact assessment of this year's Tri-Nations which showed the game is booming - both on and off the pitch.

19 Sep 2010 - 12:00am

Professional strives for a well-rounded global vision

As vice-president of MasterCard's global account development division in Asia-Pacific, Angela Bai probably has a clearer global understanding than most because of her work in identifying business development strategies across key markets in Asia-Pacific, the Middle East, South Asia and Africa.

19 Jan 2009 - 12:00am

New strategies on the cards

Marketing initiatives to boost range of transactions

Sound long-term marketing strategies should see a company through the ups and downs of the economic cycle, but it is a major advantage if the business model is built to withstand a cutback in spending on big-ticket items.

20 Dec 2008 - 12:00am

Thursday Thinktank

Five things we're all wondering about

1 Concern over spate of ambulance breakdowns ... your chance of arriving at a hospital alive by ambulance is now about the same as taking a minibus.

2 Chambers of commerce say visa curbs hurt business ... and things will be even worse if they say no to Amex and MasterCard too.

31 Jul 2008 - 12:00am

Two tourists jailed over bank card scam

Two Britons who withdrew more than HK$380,000 from Standard Chartered Bank ATMs using stolen bank account data were each jailed for 40 months yesterday.

Nazir Zaheer Abbas and Raza Adhnan, both 23, had pleaded guilty in the District Court to one count of conspiracy to steal. Abbas also admitted one count of possessing false instruments.

22 Jan 2008 - 12:00am

More transactions on the cards

Electronic card providers are increasingly seeking innovative ways to expand their product offerings.

Hong Kong's Octopus brand, the world's highest acceptance of a commercial smartcard system with 95 per cent of Hong Kong people (aged 16 to 65) possessing one, is moving from strength to strength as new opportunities emerge to expand the footprint.

11 Jan 2008 - 12:00am

Hollywood East

For a few hundred folks in town who are perceived to have, aspire to, or who have inherited, a certain high social status, autumn is a busy time of the year. It's when all the luxury brands kick-start their most lucrative sales season with fancy cocktail parties to launch new product lines and merchandise.

22 Sep 2007 - 12:00am

Mainland sales of luxury goods to reach US$44b within decade

Spending on luxury goods and services on the mainland will jump 134 per cent to US$44.4 billion in 2016, according to a MasterCard study.

Mainlanders between the ages of 18 and 60 will spend US$26.4 billion that year, an increase of 154 per cent. Those aged more than 60 are forecast to spend US$18 billion, a rise of 109 per cent, the study shows.

5 Sep 2007 - 12:00am

Fashion ambassador role a cinch for ex-model

By day, veejay Denise Keller is recognisable as the morning host on MTV Asia. But at the upcoming Luxury Week, the Singaporean-German will return to the fashion industry where her career began, appearing as the fashion ambassador and spokesperson for the event's key sponsor, MasterCard.

22 Aug 2007 - 12:00am

Make your mobile an electronic wallet

A new MasterCard payment system will allow users to complete transactions using their mobile phones.

Signatures were only required for purchases through the PayPass system of HK$200 and above, and users could spend all the way to their credit limit, MasterCard said.

15 Apr 2007 - 12:00am


Julia Wong

Senior vice-president, agency and retail distribution

Sun Life Financial (Hong Kong)Ms Wong oversees a team that gives sales, recruitment and professional training and development support to the sales force.

Todd Lowe

Director of strategic alliances, Asia Pacific

Juniper Networks

13 Mar 2006 - 12:00am