Xu Luode China Unionpay

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Information about Xu Luode China Unionpay

Published on March 16, 2008

Author: dpereira

Source: slideshare.net

March 14, 2008 30th Efma Convention: Leadership in retail finance 13 p.m. & 14 March 2008 - Paris Xu Luode President China UnionPay 1

March 14, 2008 March 14, 2008 Welcome to HUAWEI Unionpay Brings Opportunities China Technologies pp p y g to presentation European Retail Finance Industry XU Luode, President and CEO of China Unionpay

March 14, 2008 Table of Contents Part I. CUP, growing with China’s economy Part II. Visions of CUP Part III P t III. CUP and E d European retail fi t il finance I d t Industry 3

March 14, 2008 Part I CUP, growing with China’s economy 1. Development stages of China’s bankcard Industry 2 CUP meeting market needs 2. CUP, 3. CUP’s five major achievements j 4

March 14, 2008 Development stages of China’s bankcard Industry • Cards could not be used in different banks’ terminals or in different regions • Inter-bank transactions started in big cities • Cross-region transactions started in big cities 5

March 14, 2008 CUP, meeting market needs • Strong market needs – To support inter-bank cross-region usage of cards inter bank, cross region – To improve the transaction success rate • The establishment of China Unionpay – Date:March 26, 2002 – Shareholders:over 70 domestic commercial banks – Headquarters:Shanghai q g 6

March 14, 2008 CUP’s five major achievements 1. Cultivating and developing domestic acceptance market 2. 2 Promoting bankcards with CUP BINs 3. Strengthening cooperation with overseas p g g p partners 4. Actively promoting the innovation of payment products and services i 5. Cooperating with domestic banks to educate cardholders 7

March 14, 2008 Achievement 1 - Cultivating and developing domestic acceptance market By the end of 2007, • 740 000 domestic merchants 740,000 • 1,180,000 domestic POS terminals • 123,000 domestic ATMs 8

March 14, 2008 Achievement 2 - Promoting bankcards with CUP BINs • In 2003, obtained the ISO BINs for CUP cards • By end of 2007, 530 million cards issued with CUP BINs 2007 BINs, including 16.5 million credit cards • In 2007, CUP system switched 4 billion inter-bank transactions, with a total amount of 438 billion USD. 9

March 14, 2008 Achievement 3 - Strengthening cooperation with overseas partners t • win-win cooperation with overseas partners • competitive pricing and effective promotions to Chinese outbound travelers • By the end of 2007, CUP’s overseas network include: – 125 thousand merchants, 174 thousand POS t th d h t th d terminals i l – 366 thousand ATMs 10

March 14, 2008 CUP network covers 26 countries and regions • Asia Pacific: Hong Kong, Macau, Singapore, Japan, Korea, Malaysia, Thailand, Australia, New Z l d etc. Th il d A t li N Zealand, t • Europe: France, Germany, Italy, Switzerland, Netherlands, Austria, Spain, Belgium, Luxemburg Belgium Luxemburg, Turkey • North America: the United States • Africa: Egypt 11

March 14, 2008 Achievement 4 - Actively promoting the innovation of payment products and services • Mobile payment • Internet payment • Fixed-line phone p y p payment • Inter-bank fund transfer • Cross-border remittance 12

March 14, 2008 Achievement 5 - Cooperating with domestic banks to educate cardholders cardholders. • Solution to the strong preference of cash – Initiated various trainings to promote usage of bankcards – Enhanced the domestic recognition of bankcard p y g payment • Bankcards become a preferable payment tool by urban Chinese Chi 13

March 14, 2008 Part II Visions of CUP 1. China’s golden opportunities 2. CUP s 2 CUP’s five major targets 14

March 14, 2008 China’s golden opportunities • Two big events – Beijing Olympics in 2008 – Shanghai World Expo in 2010 15

March 14, 2008 Rapid increase of GDP and Foreign Trade GDP Foreign Trade g USD tn USD tn 6 5 4.5 50 5.0 5 4 4 3 3.4 3 3 2.2 2 2 1 1 0 0 2007 2012 2007 2012 16

March 14, 2008 Rapid increase of Retail Consumption and Inbound/outbound Travelers Total Retail Consumption Inbound/outbound travelers USD tn million 2.0 250 2 250 200 1.5 173 1.2 150 1 100 00 0.5 50 0 0 2007 2012 2007 2012 17

March 14, 2008 CUP’s five major targets 1. To build a more extensive acceptance network both in and outside China 2. To forge an international bankcard brand with wide influence 3. To set up a large-scale payment technology center 4 T improve service quality i li with i t 4. To i i lit in line ith international standard ti l t d d 5. To establish a risk control system with advanced technology, full coverage and effective monitoring 18

March 14, 2008 Part III CUP and European retail finance industry 1. The increasing trade and tourism between China and EU 2. CUP, 2 CUP a new option to European Retail finance industry 19

March 14, 2008 The increasing trade and tourism between China and EU • 2003 - 2007, trade between China and Europe from 162 billion USD to 448 billion USD, annual growth rate 44% • In 2006, China’s investment in EU exceeded 2 billion euros. • Currently, over 30 European countries enjoyed ADS (Approved Destination Status) 20

March 14, 2008 CUP, a new option to European Retail finance industry • To further develop acceptance network in Europe • To encourage Chinese travelers to use CUP cards • To continuously improve the domestic market y p • To provide more efficient and convenient payment services for European visitors E i it 21

March 14, 2008 Common Cause, Same Goal and Mutual Benefit • To follow China’s steady steps towards the world • To bring China opportunities to Europe • To achieve mutual success with European retail finance p industry 22

March 14, 2008 THANK YOU 23

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