Visa gets second billing on most China UnionPay cards and gets fees when cardholders travel abroad.

FORBES: Magazine Article

Despite its high-profile sponsorship of the Beijing Olympics, Visa has been virtually shut out in favor of government-backed China UnionPay.

FORBES: Magazine Article

Despite the bullish market forecasts, global credit-card companies are feeling increasingly frustrated with their limited access to the Chinese market, where China UnionPay Ltd.

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In London, Harrods makes shopping even easier by letting Chinese customers make payments directly from their domestic bank accounts (China UnionPay), writes Financial Times.

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But shortly afterwards, China's central bank established a domestic competitor, China UnionPay, and gave it a de facto monopoly over the handling of local-currency payments between merchants and banks.

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