Eirth Systems, LLC

08/30/2017

http://www.eirth.com/unionpay-is-looking-beyond-china-for-growth-3/

Visa has filed an application with the People’s Bank of China to become the first nondomestic payment network with a bank card clearing license, reports the South China Morning Post.

07/25/2017

http://www.eirth.com/mastercard-visa-and-amex-are-trying-to-enter-china/

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here.

05/18/2017

http://www.eirth.com/unionpay-debit-cards-were-the-most-popular-payment-product-based-on-purchase-volume-in-2016/

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards, grew by 5.8 per cent to $20.606 trillion in 2016, according to

04/25/2017

http://www.pymnts.com/news/international/2017/unionpay-goes-global-wto-mastercard-visa-global-expansion-china/

10/20/2016

http://www.eirth.com/in-2015-8-8-trillion-in-debit-and-credit-card-purchases-were-made-with-unionpay/

This past summer has been one of major changes in thoughts and actions on world trade and the future of major sectors of the economy such as agriculture. It appears many in the west want to withdraw from trade in the international marketplace.

10/11/2016

http://www.eirth.com/china-to-become-the-worlds-largest-retail-market-in-2016/

Total retail sales across the globe will reach $22.049 trillion in 2016 and $27 trillion in 2020 according to eMarketer. Total retail sales in China will reach 4.886 trillion this year, bypassing the U.S. to be the largest retail market in the world.

07/22/2016

http://www.eirth.com/unionpay-takes-top-spot-from-visa-in-22-trillion-global-cards-market/

Having been the largest scheme worldwide for card numbers since 2010, UnionPay overtook Visa to also become the largest by value of card payments in 2015

05/20/2016

http://www.eirth.com/unionpay-partners-with-smartphone-brands-in-bid-for-chinas-online-payment-market-could-it-work/

China’s state-owned clearing network UnionPay is partnering with some of the world’s biggest smartphone brands to launch mobile payment services in the country. But allying with Apple AAPL +0.83%, Huawei, Samsung and Xiaomi is doing little to overturn the market dominance of Alibaba and Tencent.

05/20/2016

http://www.eirth.com/transactions-on-american-express-diners-clubdiscover-jcb-mastercard-unionpay-and-visa-cards-up-16-1-over-2014/

CARPINTERIA, Calif.–(BUSINESS WIRE)–Global general purpose cards carrying Visa, UnionPay, MasterCard, JCB, Diners Club/Discover, and American Express brands generated 227.08 billion purchase transactions at merchants in 2015, an increase of 16.1% over 2014, according to The Nilson Report, the top tr...

03/09/2016

http://www.eirth.com/accessing-chinese-market-through-e-commerce/

E-commerce has been growing rapidly in China in recent years, becoming a massive and lucrative market which no business can afford to ignore. CCTV will look at how Indonesian businesses are using Chinese e-commerce platforms to access a wider market.

03/09/2016

http://www.eirth.com/china-maintains-robust-e-commerce-growth/

With shopping habit of Chinese consumers going digital, China is experiencing an online shopping boom, according to new Nielsen data.

03/09/2016

http://www.eirth.com/china-1-1t-ecommerce-market-on-horizon/

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming.