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What is UnionPay?

UnionPay International (UPI), a division of China UnionPay, focuses on broadening and improving the international reach of UnionPay's operations. By partnering with over 2,400 institutions worldwide, UPI has enabled card acceptance in 180 countries and regions while issuing cards in 70 different locations. This organization provides high-quality, efficient, and secure cross-border payment solutions tailored to the largest cardholder base globally, ensuring that an increasing number of UnionPay cardholders and merchants can access local services. Presently, more than 10 million online retailers around the world accept UnionPay Online Payment, which operates in 200 countries and regions, including areas such as Hong Kong, Macau, Europe, the United States, Japan, and South Korea, and encompasses various sectors like retail, online travel, tuition fees, and airline bookings. The payment system is thoughtfully crafted to emphasize the security of cross-border online transactions, offering users peace of mind. With an expanding network and a steadfast dedication to safety, UnionPay is poised to further solidify its role in the ever-evolving global payment landscape. As UPI continues to innovate, it remains focused on enhancing user experience and accessibility for cardholders around the globe.

What is Sokin?

Sokin operates as an all-encompassing global business payments platform, allowing organizations to efficiently oversee their accounts, transfer funds, receive payments, and conduct business smoothly across international markets through a unified interface. Its ability to manage and maintain funds in 26 different currencies helps companies reduce their dependence on various providers or regional banking institutions. Furthermore, the platform supports global payments in over 70 currencies, facilitating transactions in more than 170 countries via local payment methods, SWIFT, and instantaneous transfers between Sokin accounts. Teams can boost operational efficiency by storing beneficiary information, converting currencies, assigning user roles for payment authorizations, and processing up to 5,000 individual payments at once, which significantly minimizes manual workload. Moreover, Sokin accommodates payments through cards and various alternative payment methods, while also delivering embedded financial services via flexible APIs. Businesses can streamline numerous processes, such as payouts, currency conversions, onboarding, and KYC and KYB compliance, all while effortlessly integrating these features into their own systems, thus boosting their operational prowess. This seamless integration not only simplifies the complexities of financial transactions but also grants businesses enhanced control and adaptability over their payment processes, ultimately supporting their growth and efficiency in an ever-evolving marketplace.

Media

Media

Integrations Supported

APEXX
Citcon
Kody
NetSuite
PayNuts
PaySpace
PremierCashier
Przelewy24
QuickBooks Online
Sage 100
TackPay
Unicorn Payment
WhenThen
Xero

Integrations Supported

APEXX
Citcon
Kody
NetSuite
PayNuts
PaySpace
PremierCashier
Przelewy24
QuickBooks Online
Sage 100
TackPay
Unicorn Payment
WhenThen
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Free
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

UnionPay

Date Founded

2002

Company Location

Singapore

Company Website

www.unionpayintl.com/en/

Company Facts

Organization Name

Sokin

Date Founded

2019

Company Location

United Kingdom

Company Website

sokin.com

Categories and Features

Mobile Payment

ACH Support
Contactless / NFC
Credit Card Support
Cryptocurrency Support
Debit Card Support
In-App Payments
In-Store Payments
Micropayments
P2P Payments
eCommerce Payments

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Categories and Features

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