# China Unionpay Merchant Services: Financial services, Shanghai, China

> China Unionpay Merchant Services: China UnionPay Merchant Services (China UMS) is a prominent state-owned subsidiary of China UnionPay, established in...

Source: https://millionrounds.com/startup/china-unionpay-merchant-services (Millionrounds; every figure on the page links to its filing or article)

China · [Financial services startup](https://millionrounds.com/companies)

# China Unionpay Merchant Services

China UnionPay Merchant Services (China UMS) is a prominent state-owned subsidiary of China UnionPay, established in December 2002 and headquartered in Pudong, Shanghai.

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Funding reported Last round: Series D

Financial services Shanghai, China

Company summary

- **Founded:** 2002 24 years old
- **Team:** 1,100 1,000+ people
- **Funding reported:** 318.8M as listed, currency not stated
- **Last round:** Series D Oct 2016

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for China Unionpay Merchant Services has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About China Unionpay Merchant Services

China UnionPay Merchant Services (China UMS) is a prominent state-owned subsidiary of China UnionPay, established in December 2002 and headquartered in Pudong, Shanghai.

The company specializes in integrated payment services, merchant acquiring, POS terminal management, and digital payment solutions for merchants, enterprises, and cardholders throughout China. It is one of the first payment institutions licensed by the People's Bank of China and operates 42 branches across the country. China UMS offers a wide range of services, including processing credit and debit card transactions, managing a large network of POS terminals, and providing digital payment solutions such as mobile payments and online transactions. The company also supports various financial services, including electronic funds transfer at point-of-sale (EFTPOS) and cross-border business-to-business platforms. With significant capital backing and a diverse customer base, China UMS plays a key role in promoting cashless transactions and expanding UnionPay card usage both domestically and internationally.

## What company datasets say China Unionpay Merchant Services raised

Funding, as reported

Reported in all **318.8M** in the source's currency

Rounds **4**

Last round **Series D**

Last round size **275M**

Last round date **Oct 2016**

Investors listed **4**

Valuation **$3.0B, Oct 2024**

## The company, in detail

What they build

Known for

reserve distribution value-added services enterprises logistics logistics advertising service information technology & services cross-border payments big data financial services finance asia-pacific acquirer enterprise software merchant support payment processing erp

Built with from their website

Tengine Viewport Meta Microsoft Office RequireJS crypto-js China Net Center HSTS Nginx Mobile Friendly Hammer.js

+6 more

jQuery Swiper Apple iOS FingerprintJS Baidu Search Engine ICP

- **Sector:** Financial services
- **Industry code:** NAICS 522320, 518210, SIC 7375
- **Region:** Shanghai
- **Revenue:** 1.1B a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/china-unionpay-merchant-services)

## Financial services in China

Startups like it

- [**Dianrong** Shanghai · founded 2012 *Raised*](https://millionrounds.com/company/dianrong)
- [**Zhaolian Consumer Finance Co., Ltd.** Shenzhen · founded 2015](https://millionrounds.com/startup/zhaolian-consumer-finance-co-ltd)
- [**WeBank** founded 2014](https://millionrounds.com/startup/webank)
- [**Digital Sustainable Transport Shenzhen Ltd** Shen Zhen Shi · founded 2015](https://millionrounds.com/startup/digital-sustainable-transport-shenzhen-ltd)
- [**Shuipi Chou** Beijing · founded 2016](https://millionrounds.com/startup/shuipi-chou)
- [**Harbin Hayin Consumer Finance Co., Ltd.** Harbin · founded 2017](https://millionrounds.com/startup/harbin-hayin-consumer-finance-co-ltd)
- [**Snowball Finance (Xueqiu)** Beijing · founded 2010](https://millionrounds.com/startup/snowball-finance-xueqiu)
- [**Wacai** Hangzhou Shi · founded 2009](https://millionrounds.com/startup/wacai-3)

## Is this your company?

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