UnionPay International
UnionPay has been around since the dotcom bubble, and has earned it’s fair share in the payment space. UnionPay may also be known as CUP (China Union Pay) or UPI (Union Pay International)
UnionPay International compared to Alipay
Versus
Features
| UnionPay International | Features | Alipay |
|---|---|---|
| Shanghai, China | HQ Based | Shagnhai, China |
| Settlements | unkown | |
| Supported Merchants | Alibaba has plug-n-play integration with most ecommerce SaaS solutions from the Asian markets | |
| Fee structure | ||
| Bank fees | ||
| 136 currencies to date | Currencies | 7 |
| Credit Cards, POS, and Direct Banking | Payment Methods | Credit Cards |
| Recurring Payments | ||
| Developer Friendly | ||
| Apple Pay Support | ||
| Point of Sale Support | ||
| Unsupported Paid Feature Supported Unknown | ||
Descriptions
UnionPay has been around since the dotcom bubble, and has earned it’s fair share in the payment space. UnionPay may also be known as CUP (China Union Pay) or UPI (Union Pay International)
Alipay
Jack Ma’s payment company, branched off of Taobao in the early 2010’s. Currently AntGroup is the holding company that is China’s largest payment processor.
Alipay is making an effort to win merchants and sellers across the globe to integrate their payment flows and tools.