{"id":2848,"date":"2023-05-29T11:48:26","date_gmt":"2023-05-29T09:48:26","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=2848"},"modified":"2023-05-29T11:48:26","modified_gmt":"2023-05-29T09:48:26","slug":"chinas-unionpay-overtakes-visa-in-debit-transactions-as-global-financial-realignment-continues","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=2848","title":{"rendered":"China\u2019s UnionPay overtakes Visa in debit transactions as Global Financial Realignment continues"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">China\u2019s UnionPay has edged out Visa to become the number one debit card in the world, accounting for $40.03 for every $100 in transactions (compared to $38.78 for Visa) in 2022, according to new figures by credit and debit card industry monitor Nilson Report.<br \/>UnionPay debit card payments reached $160 billion last year, compared to $155 billion for Visa and $85 billion for MasterCard. The big two US giants outranked the Chinese bank card issuer in credit card transactions, accounting for $87 billion and $65 billion, respectively, compared with $53 billion for UnionPay. Credit cards are more tightly regulated in China \u2013 UnionPay\u2019s main market, than they are in the US. Visa\u2019s lead on credit cards gave it a larger overall market share in credit and debit cards of 39 percent compared to UnionPay\u2019s 34 percent.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s UnionPay has edged out Visa to become the number one debit card in the world, accounting for $40.03 for every $100 in transactions (compared to $38.78 for Visa) in 2022, according to new figures by credit and debit card industry monitor Nilson Report.UnionPay debit card payments reached $160 billion last year, compared to $155 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2848"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/2849"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}