China UnionPay - an electronic payment system, which is considered the only national payment system in China. The company was founded in 2002, with the assistance of the Central Bank of China. China UnionPay company includes more than 300 credit institutions in China and around the world. In 2011, the payment system was ahead in total output of cards such giants as: Visa and MaterCard on 10% and 29%, respectively. For comparison, in 2011 from January to June by means of bank cards in China was made payments in the amount of 178.6 trillion yuan (27.9 trillion dollars).