YouShua

Founded in 2003, the company was formerly a subsidiary controlled by China UnionPay and is a professional financial services enterprise. In 2009, the company began shareholding restructuring, and its current registered capital is RMB 100 million. Relying on China UnionPay's interbank switching and payment network and leveraging its extensive information channels, the company has built a team of professional financial talents. Committed to financial innovation, it actively participates in building the bank card acceptance environment, fully embraces market-oriented operations, and has achieved sound social and economic benefits. For enterprises and individuals, it provides innovative products and payment switching platform services such as XinFuTong telephone POS, commercial POS, and self-service card terminals, which meet industry application and household payment needs, thereby enabling bank cards to be used in a wider scope and through more channels. This fills the gap in financial solutions and payment services for cardholders, merchants, and enterprises.
Card Union Payment adheres to the corporate spirit of "self-confidence, self-reliance, and self-improvement," the service tenet of "providing convenience for cardholders," and the cooperation philosophy of "creating value with partners." Following the operating tenet of "relying on UnionPay's interbank payment network platform, collaborating with professional forces, integrating social resources, and promoting the development of the UnionPay card industry," the company builds frameworks, expands channels, and leverages big data to promote rapid business growth. It grows together with China's bank card industry and has become an efficient, service-excellent, and quality-payment professional service company.
Since its establishment, Card Union Payment has experienced rapid transaction growth. The annual transaction volume of the XinFuTong platform has grown from RMB 1 billion in 2006, to RMB 10 billion, RMB 100 billion, RMB 300 billion, and now reaches RMB 500 billion. The company owns the proprietary intellectual property rights for telephone POS terminals and China's first telephone POS transaction platform. Nearly 500,000 XinFuTong telephones POS terminals cover over a hundred cities nationwide, with cooperation with nearly 80 banks. It also maintains long-term strategic cooperative relationships with telecommunications operators.
In June 2012, Card Union Payment obtained the "Payment Business License" issued by the People's Bank of China. The company holds a High-Tech Enterprise Certificate, National Information Security Certificate, Shanghai Key Software Product Certificate, Utility Model Certificate, over 10 software copyrights, and 14 registered trademarks. All core business systems are independently developed, such as the acquiring system, value-added services, POS terminal access, bill system, data management system, and card issuing system.
Looking to the future, Card Union Payment continuously innovates, expands, and transcends itself. It is gradually building a development goal of a "cloud payment financial services ecosystem," innovating financial product business, improving service quality, and creating a safe, convenient multi-purpose payment system serving bank cardholders, individuals, enterprises, and merchants, ensuring the company's sustainable development and achieving large-scale industrialization.