UnionPay International ("UPI") is a wholly owned subsidiary of China UnionPay , established in Nov 2012. UPI is a bankcard association established under the approval of the State Council and the People's Bank of China, and has become a central and pivotal part of China's bankcard industry. At present, the Shanghai-headquartered UPI has about 400 domestic and overseas associate members, covering 140 countries/regions. UPI's innovations enable its bank customers to offer consumers choices: pay now with debit, ahead of time with prepaid or later with credit products. From the world's major cities to remote areas without banks, people are increasingly relying on digital currency along with mobile technology to use their money anytime and make purchases online, transfer funds and access basic financial services; all of which make their lives easier and help grow economies. Behind the UPI brand are the talented employees who continuously raise the bar with innovative solutions and products that deliver the convenience and security of digital currency to more people all over the world.