UnionPay leads global card brands in both number of cards in circulation, as well as purchase volume. However, they have low CNP acceptance in the US, and most cards cannot be used in the US Market.
Payverse enables all UnionPay debit, credit, and dual branded cards in the US! (Most competitors only do credit).
Payverse has an approval rate of up to 85% for UnionPay eCommerce transactions, which is significantly higher than the current rate of around 45% in the US.
Payverse has been recognized as a Preferred UnionPay Partner. Payverse assumes responsibility for compliance and ensures that all transactions meet the requisite standards and regulations.
We enable the preferred cards of UnionPay cardholders for large ticket purchases.
Payverse has US Bank Sponsorship and is fully compliant with card brand rules.
Approximately 380,000 students from China are currently studying in the US. Their annual spend is nearly $10B.
In 2019 Chinese visitors in the US exceeded 3.2M. Online travel agencies have seen up to a 50% increase in daily transactions once they started accepting UnionPay cards.
Western goods have become increasingly popular in Asia. Expected spend on luxury goods in the US is forecasted at $4.0B
The total global market size is $365 Billion dollars. Gamers want the most seamless payment experience.