TSYS Increases Stake In China UnionPay Data
TSYS has announced that it has increased its ownership in China UnionPay Data Services Co. Ltd. to 44.5 percent. CUP Data is China’s largest bankcard processor, providing transaction processing, disaster recovery and other services for issuing banks in China. Since CUP Data was established in 2003, the company has been providing processing services to 16 of China’s 29 credit card-issuing banks, while 12 of the remaining banks continue these services in house.
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