Online threat to China's UnionPay outweighs foreign card rivals
November 12, 2014 at 16:00 PM EST
SHANGHAI, Nov 13 (Reuters) - Chinese bank card operator UnionPay, which may soon have to defend its near monopoly against Visa and MasterCard, faces a much bigger threat from online payment providers such as Alipay, and is upgrading its systems to meet the danger.