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China UnionPay Merchant Services

Fintech · Huangpu, China · Founded 2002

China UnionPay Merchant Services (UMS) is a third-party payment service provider, established in 2002 and headquartered in Shanghai. As a subsidiary of China UnionPay, UMS specializes in bank card acquiring and the provision of comprehensive payment solutions for a wide array of merchants. The company's primary business involves the development and maintenance of the bankcard acceptance market, offering integrated payment services that cater to various business needs. UMS operates under the service brand "UMS PAY," which encompasses a suite of payment and value-added services. The company's business model is centered on providing payment processing services to merchants, enabling them to accept bankcard payments. This includes the deployment of point-of-sale (POS) terminals and other acquiring technologies. UMS serves a diverse client base, ranging from small and medium-sized enterprises to large corporations across different industries. The company generates revenue through transaction fees charged to merchants for payment processing and other related services. UMS plays a crucial role in the payment ecosystem in China, facilitating secure and efficient transactions between consumers and businesses. Keywords: payment processing, merchant services, bankcard acquiring, integrated payments, third-party payment, POS terminals, acquiring technology, transaction fees, payment solutions, financial services