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Business > Foreign Business
UnionPay surpasses Visa in debit card transactions
By Global Times
May 30, 2023 12:05 am

CHINA'S UnionPay surpassed Visa for the first time in 2022, securing 40.03 percent of global debit card transactions, China Media Group (CMG) reported on Sunday, citing latest statistics compiled by industry platform Nilson Report.

'Debit cards with the UnionPay brand held a market share of 40.03 percent of all debit card purchase transactions, an increase of 139 basis points (bps),' read the Nilson Report.

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