Xu Luode China Unionpay
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Transcript of Xu Luode China Unionpay
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March 14, 2008 30th Efma Convention: Leadership in retail finance13 p.m. & 14 March 2008 - Paris
Xu LuodeXu LuodePresidentChina UnionPay
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China UnionPay
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March 14, 2008
March 14, 2008
Welcome to HUAWEI TechnologiesChina Unionpay Brings Opportunities
presentationp y g pp
toEuropean Retail Finance IndustryEuropean Retail Finance Industry
XU Luode, President and CEO of China Unionpay
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March 14, 2008
Table of Contents
Part I. CUP, growing with China’s economy
Part II. Visions of CUP
P t III CUP d E t il fi I d tPart III. CUP and European retail finance Industry
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Part I CUP, growing with China’s economy
1. Development stages of China’s bankcard Industry
2 CUP meeting market needs2. CUP, meeting market needs
3. CUP’s five major achievementsj
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Development stages of China’s bankcard Industry
• Cards could not be used in different banks’ terminals or in different regions
• Inter-bank transactions started in big cities
• Cross-region transactions started in big cities
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CUP, meeting market needs
• Strong market needs
– To support inter-bank cross-region usage of cardsTo support inter bank, cross region usage of cards
– To improve the transaction success rate
• The establishment of China Unionpay
– Date:March 26, 2002
Shareholders:over 70 domestic commercial banks– Shareholders:over 70 domestic commercial banks
– Headquarters:Shanghai
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q g
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CUP’s five major achievements
1. Cultivating and developing domestic acceptance market
2 Promoting bankcards with CUP BINs2. Promoting bankcards with CUP BINs
3. Strengthening cooperation with overseas partnersg g p p
4. Actively promoting the innovation of payment products and iservices
5. Cooperating with domestic banks to educate cardholders5. Cooperating with domestic banks to educate cardholders
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Achievement 1 - Cultivating and developing domestic acceptance marketacceptance market
By the end of 2007,
• 740 000 domestic merchants• 740,000 domestic merchants
• 1,180,000 domestic POS terminals
• 123,000 domestic ATMs
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Achievement 2 - Promoting bankcards with CUP BINs
• In 2003, obtained the ISO BINs for CUP cards
• By end of 2007 530 million cards issued with CUP BINs• By end of 2007, 530 million cards issued with CUP BINs, including 16.5 million credit cards
• In 2007, CUP system switched 4 billion inter-bank transactions, with a total amount of 438 billion USD.
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Achievement 3 - Strengthening cooperation with overseas tpartners
• win-win cooperation with overseas partners
• competitive pricing and effective promotions to Chinese• competitive pricing and effective promotions to Chinese outbound travelers
• By the end of 2007, CUP’s overseas network include:
125 th d h t 174 th d POS t i l– 125 thousand merchants, 174 thousand POS terminals
– 366 thousand ATMs366 thousand ATMs
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CUP network covers 26 countries and regions
• Asia Pacific: Hong Kong, Macau, Singapore, Japan, Korea, Malaysia, Th il d A t li N Z l d tThailand, Australia, New Zealand, etc.
• Europe: France, Germany, Italy, Switzerland, Netherlands, Austria, Spain, Belgium Luxemburg TurkeyBelgium, Luxemburg, Turkey
• North America: the United States
11• Africa: Egypt
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Achievement 4 - Actively promoting the innovation of payment products and servicespayment products and services
• Mobile payment
• Internet payment• Internet payment
• Fixed-line phone paymentp p y
• Inter-bank fund transfer
• Cross-border remittance
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Achievement 5 - Cooperating with domestic banks to educate cardholderseducate cardholders.
• Solution to the strong preference of cash
Initiated various trainings to promote usage of bankcards– Initiated various trainings to promote usage of bankcards
– Enhanced the domestic recognition of bankcard payment g p y
• Bankcards become a preferable payment tool by urban ChiChinese
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Part II Visions of CUP
1. China’s golden opportunities
2 CUP’s five major targets2. CUP s five major targets
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China’s golden opportunities
• Two big events
– Beijing Olympics in 2008– Beijing Olympics in 2008
– Shanghai World Expo in 2010
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Rapid increase of GDP and Foreign Trade
GDP Foreign Trade
5.06
USD tng
4.55USD tn
3.4
5 0
4
5
3
4
3
2
3 2.22
3
1
2
1
0
2007 20120
2007 2012
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Rapid increase of Retail Consumption and Inbound/outbound TravelersInbound/outbound Travelers
Inbound/outbound travelersTotal Retail Consumption
250250million
2.02
USD tn
173200
1.21.5
100
1501.2
1
50
00
0.5
02007 2012
0
2007 2012
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CUP’s five major targets
1. To build a more extensive acceptance network both in and outside China
2. To forge an international bankcard brand with wide influence
3. To set up a large-scale payment technology center
4 T i i lit i li ith i t ti l t d d4. To improve service quality in line with international standard
5. To establish a risk control system with advanced technology,5. To establish a risk control system with advanced technology, full coverage and effective monitoring
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Part III CUP and European retail finance industry
1. The increasing trade and tourism between China and EU
2 CUP a new option to European Retail finance industry2. CUP, a new option to European Retail finance industry
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The increasing trade and tourism between China and EU
• 2003 - 2007, trade between China and Europe from 162 billion USD to 448 billion USD, annual growth rate 44%
• In 2006, China’s investment in EU exceeded 2 billion euros.
• Currently, over 30 European countries enjoyed ADS (Approved Destination Status)
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CUP, a new option to European Retail finance industry
• To further develop acceptance network in Europe
• To encourage Chinese travelers to use CUP cards• To encourage Chinese travelers to use CUP cards
• To continuously improve the domestic markety p
• To provide more efficient and convenient payment services for E i itEuropean visitors
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Common Cause, Same Goal and Mutual Benefit
• To follow China’s steady steps towards the world
• To bring China opportunities to Europe• To bring China opportunities to Europe
• To achieve mutual success with European retail finance pindustry
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March 14, 2008
THANK YOUTHANK YOU
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