Overview of EP Market

http://www.paymentsnews.com/2007/03/china_unionpay__1.html Unionpay to cover 99% of overseas countries and regions where chinese travel, and aims to be the second passport of chinese in the overseas market in the five yr plan, from 2007 Transaction Trends pdf Yuan -6.8, usd 1.08 conversion rates http://www.lafferty.com/CardsInsights/Commentary/UnionPay_monopoly_end_to_catapult_payments_income_3806 http://www.reuters.com/article/2011/09/28/us-china-paymentsidUSTRE78R0ES20110928 http://wmtoday.wordpress.com/2011/09/26/how-mobile-payments-are-disrupting-thefinancial-services-industry/ Forefront of emerging channel exploration internet, mobile phones, telephones, selfservice terminals and digital TV New payments offerings, virtual (in-game) currency, social network currency

China UnionPay profile

McKinsey has good payments industry stuff http://www.lafferty.com/CardsInsights/Commentary/UnionPay_monopoly_end_to_catapult_payments_income_3806 Credit card industry is one of the fastest growing markets in the world,l and has the potential to beocome one of the most lucrative. 2002- 2010, number of credit cards grew almost six-foldto 230m and billed volume increased from 4.8B to 748 B. Also, http://en.unionpay.com/merchantService/knowledge/file_5635672.html useful bankcard transaction stats, but 2008 http://en.unionpay.com/comInstr/aboutUs/file_50174738.html cup cards

Amex and Mc have MoU, but visa is engaged in dispute with CUP http://paylane.com/wp-content/uploads/2011/07/cab82.pdf 2.5 B cards (30 June 2011) On May 13rd, 2011 UnionPay and Ping An Insurance signed a strategic cooperation agreement. http://www.chinadaily.com.cn/bizchina/2010-05/14/content_9849975.htm china ecommerce revenue http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/28Jan-2012/1-link-unionpay-sign-pact 2.8 B cards 5 January 2012 126 countries (and regions) 6.80 rmb pr aud; 1.08 usd/aud 8/2/12 Business china website http://en.21cbh.com/HTML/2011-7-8/UnionPay.html 73b based on listing on SUAEE, that buffett investment ltd put up .15% of unionpay at 25 per share. Net profit of rmb 98m at end 2007 net profit 2009 of 709 m rmb (net assets of 9246 M RMB). 2010 net profit of 972 M yuan 2010 (http://www.reuters.com/article/2011/07/09/unionpay-idUSL3E7I903820110709) Sales of china union merchant service co. ltd, in which china unionpay holds 54.965% to youngor group holding co. ltd at 15 rmb per share - Revenue of 2.186b in 2010 and net profit of 210m 2010 China unionpay data services co. ltd changed hands for 8.6 per share (2.43%= 4.5m shares) in sep 2009 Tsys ownership http://www.tsys.com/news/Releases/20060911TSYSEquityStakeCUPData.cfm http://www.reuters.com/article/2011/09/28/us-china-paymentsidUSTRE78R0ES20110928 majority owned by big 4 banks Buffett investment ltd, from unionpay

China UnionPay Australia office

http://www.eftex.com.au/EFTEXUnionPay.pdf Nb: ACCORDING to org structure , is South Pacific office

http://australia.creditcards.com/credit-card-news/australia-credit-card-debit-cardstatistics-international.php australian credit/debit card market 47% card transaction growth http://news.xinhuanet.com/english2010/business/201104/29/c_13852042.htm Number of credit cards is from RBA, jan 2012 http://www.rba.gov.au/paymentssystem/resources/statistics/index.html Taxis http://english.people.com.cn/90777/7653894.html http://www.bis.org/publ/cpss99.htm

org chart cup http://www.thestreet.com/story/11171038/1/china-unionpay-and-mastercard-signpayment-gateway-service-agreement.html Chairman of the Board: Mr. Su Ning President : Mr. Xu Luode Executive Vice President : Mr. Cai Jianbo board member Executive Vice President : Mr. Chai Hongfeng Chief Financial Officer : Ms. Guo Rongli Secretary of discipline inspection commission: Mr. Tian Lin Asisistant President: Mr. Lei Chunxiong Assistant President: Mr. Qi Yuemin Assistant President: Mr. Shu Shizhong Assistant President: Ms. Lv Hong Assistant President: Mr. Liu Fengjun http://www.terrapinn.com/exhibition/cards-payments-australasia/speaker-shaunGHAIDAN.stm Shuan Ghaidan is head of Global Product with the International Division of UnionPay and manages Business Development for UnionPay in the South Pacific. In this position, he drives product development and management for payment products for UnionPay and sales for the Australasian markets. Wang lixin = larry? Check email (lxwang@unionpay.com) http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/28Jan-2012/1-link-unionpay-sign-pact Victor Ye

recent news
NEWS: http://en.unionpay.com/front.do EXTRA:

http://www.reuters.com/article/2011/09/28/us-china-paymentsidUSTRE78R0ES20110928 http://www.businessweek.com/news/2012-02-07/china-nod-for-citibank-credit-cardsmay-show-market-opening.html Mastercard (chinese market size future growth etc) -http://investing.businessweek.com/research/stocks/private/snapshot.asp? privcapId=25476784 02/11/2011 Mastercard Incorporated has entered into an agreement with China Unionpay Data Services Company Limited that will expand its presence in China and likely raise revenues for both companies by adding locations where their cards are accepted. As China is predicted to overtake the U.S. as the largest market for credit cards by 2020 with about 900 million cards in circulation, payment service providers like Visa and MasterCard are looking for an entry point in the Chinese market to grab a piece of this growing market. Total cards in China is expected to increase 11% annually, with a transaction value that is expected to climb 14% annually until 2025. China UnionPay is the sole bank card transaction processing company in the region and the biggest card company globally in terms of card issuance and the second largest brand in the Asia-Pacific region in terms of transaction volume. Foreign credit card companies are barred from transactions in the Chinese market and international cards are not accepted in China. The partnership between MasterCard and UnionPay would help both companies reach a wider base of customers. Visa Inc. clashed with UnionPay in June last year, complaining that China is violating trade rules by denying international payment processing companies an entry into its market. The U.S. Trade Representative, Ron Kirk, was looking to file a complaint at the World Trade Organization over the rules which block companies such as MasterCard, Visa, American Express Co. and Discover Financial Services from processing credit and debit card transactions in China. Penetration of electronic payment is still low in China. Of China's $3 trillion personal consumption market, China UnionPay accounts for about a third of the payment processing. The remaining two-thirds is settled through cash.