# UnionPay

> Chinese financial services company

**Wikidata**: [Q719625](https://www.wikidata.org/wiki/Q719625)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/UnionPay)  
**Source**: https://4ort.xyz/entity/unionpay

## Summary
UnionPay is a Chinese financial services company founded in 2002 that operates as a credit institution and payment system. Headquartered in the Pudong district of Shanghai, the organization functions as an enterprise focused on banking, credit provision, and the transfer of monetary value. It also owns and operates a mobile payment application under the same name.

## Key Facts
- **Inception:** Established in 2002.
- **Headquarters:** Located in Pudong, Shanghai, People's Republic of China.
- **Classifications:** Defined as a business, enterprise, and credit institution.
- **Industry:** Operates within the financial services and payment system sectors.
- **Primary Activity:** Banking and credit provision.
- **Product:** Owns and operates the UnionPay mobile payment application.
- **Aliases:** Also known as CUP, China UnionPay, UnionPay Card, Unionpay, and Ginren.
- **Website:** https://www.unionpayintl.com/
- **Location Context:** Situated in Pudong, a district established in 1993 within the municipality of Shanghai.

## FAQs
**What type of organization is UnionPay?**
UnionPay is a Chinese financial services company classified as a business and enterprise. Specifically, it operates as a credit institution where the primary activity is banking and credit provision.

**Where is UnionPay based?**
The company is headquartered in Pudong, a district of Shanghai in the People's Republic of China. Pudong is a provincial-level municipality that became a district in 1993.

**What does UnionPay do?**
UnionPay functions as a payment system used to transfer monetary value, encompassing institutions, instruments, people, rules, procedures, standards, and technologies. It also provides economic services through the finance industry.

**Does UnionPay have a mobile application?**
Yes, the company developed and operates a mobile payment application called UnionPay. The company owns and operates this application, which is also based in the People's Republic of China.

**When was UnionPay founded?**
UnionPay was founded in 2002.

## Why It Matters
UnionPay serves as a critical infrastructure for the transfer of monetary value within the financial sector. As a payment system, it provides the essential institutions, instruments, rules, and technologies required to facilitate economic transactions. Its role as a credit institution highlights its importance in the primary activities of banking and credit provision within China. By operating out of Pudong, Shanghai, a major economic hub established in 1993, UnionPay integrates itself into the broader financial landscape of the People's Republic of China and the East Asian region.

## Notable For
- Founded in 2002.
- Headquartered in Pudong, Shanghai.
- Functions as a comprehensive payment system involving institutions, instruments, and technologies.
- Owns and operates the UnionPay mobile payment application.
- Recognized by multiple aliases including CUP and China UnionPay.

## Body

### Organizational Classification
UnionPay is categorized as a business, defined as an organization undertaking commercial, industrial, or professional activity. It is further classified as an enterprise, which denotes an organizational unit producing goods or services that benefits from autonomy in decision-making, particularly regarding the allocation of current resources. Within the financial hierarchy, it is specifically identified as a credit institution, an enterprise type where the primary activity consists of banking and the provision of credit.

### Industry and Function
The entity operates within the financial services sector, providing economic services intrinsic to the finance industry. UnionPay functions as a payment system, a framework used to transfer monetary value. This system is comprehensive, comprising not only the institutions but also the necessary instruments, people, rules, procedures, standards, and technologies required to execute financial transactions.

### Geographic Location
UnionPay is situated in Pudong, a district of Shanghai, China. Pudong was established in 1993 and is part of the provincial-level municipality of Shanghai. The broader geographic context is the People's Republic of China, a country in East Asia that was established on October 1, 1949. This location places the company within a significant municipal and national economic framework.

### Products and Development
The company is responsible for the creation, development, ownership, and operation of the UnionPay mobile payment application. This application shares the country of origin with the company, being based in the People's Republic of China. The relationship between the company and the application is direct, with the company serving as the developer and operator.

## References

1. Freebase Data Dumps. 2013
2. Google Knowledge Graph
3. GRID Release 2018-08-27
4. Quora
5. Name Suggestion Index