What other payment systems are used worldwide apart from Visa
and Mastercard?
There are other payment systems besides VISA and MasterCard that are also
effective. Let's discuss the major international payment systems whose cards
are accepted in almost every country and many stores and retail outlets.
American Express
Founded in 1850, American Express is one of the oldest companies. Although
originally a transportation company, its payment system is now accepted in
over 140 countries worldwide.
Discover
Discover is a payment system that was developed by the Sears supermarket
chain. In the early 2000s, Discover acquired the interbank payment network
Pulse, the Diners Club payment system, and several other financial companies.
Today, Discover has its own bank and issues its own cards.
UnionPay
UnionPay is a payment system originating from China that has gained
international recognition in recent years. It is accepted in over 170 countries,
including the USA and Europe. However, not all stores currently accept
UnionPay cards, so it is important to confirm whether they are accepted
at a particular location. Additionally, UnionPay cards are compatible with
Huawei Pay and can be used on Huawei devices.
JCB
Japan Credit Bureau (JCB) is a payment system widely accepted in many
countries worldwide. JCB supports direct conversion between Japanese yen
and Chinese yuan, making it popular and beneficial for entrepreneurs
conducting business in Japan and China. Using JCB can result in savings
due to the direct conversion process.
RuPay
RuPay is an Indian payment system that integrates with the UPI service,
a unified interface for online payments and transfers. UPI can be
connected to any company using an API, and it saves card data while
providing seamless integration. Currently, the RuPay system is only
developing in India, and Western companies do not have access to it.
However, RuPay cards are accepted in the USA, Europe, and Asia.
Conclusion
International payment system cards are ideal for business, travel, and
purchasing goods and services from large international stores. In
addition to VISA and MasterCard, there are other payment systems
available for consideration. It is crucial to select a trustworthy bank
or provider to process the card. Our company, LeadingCards, offers
cards from 12 issuers for any GEO, including those customized for
affiliate marketing purposes.