CUP

China Union Pay

Canadia Bank is the exclusive partner of China Unionpay in Cambodia for acquiring CUP cards.
CUP Cardholders can enjoy ideal conditions of purchasing with over 1000 merchants and withdrawing money from our 100 ATM across Cambodia by 2009.

Headquartered in Shanghai, China Unionpay (hereinafter abbreviated as “CUP”), is a national bankcard association established in March 2002 and with the approval of the State Council and the People’s Bank of China. It operates the unified nationwide inter-bank bankcard transaction settlement system, providing participants in bankcard sector with basic bankcard services such as inter-bank information switching, settlement data processing, standards & regulations, risk prevention, etc. CUP commits itself to providing people with high-quality, safe and efficient bankcard services, and maintaining the security of Chinese national financial information.

Since its establishment, CUP has been consistently fulfilling industrial and social responsibilities to meet card usage demand of Chinese people. With CUP’s endeavors, China has become one of the countries with the rapidest growth and the greatest potential in bankcard industry. As of the end of 2007, over 150 CUP domestic member banks issued more than 1.5 billion bankcards, among which 0.54 billion were CUP standard cards. The number of domestic CUP merchants totaled 740 thousand with 1180 thousand POS terminals, and ATMs reached 120 thousand, increased by 3.9, 4 and 2.5 times respectively over the end of 2001 (prior to CUP’s establishment). Bankcards are well accepted at merchants in medium and large cities, and the number of merchants accepting bankcards in small cities also increased rapidly. Furthermore, CUP cards start to be accepted in 26 countries and regions frequently visited by Chinese people. Currently, over 14 million inter-bank transactions are processed daily with a transaction volume over RMB 10 billion. CUP has made significant achievements in interoperability, brand building and internationalization, and effectively promoted rapid and sound development of Chinese bankcard industry.