How OneCard works

The Payment Solutions Market

The Payment industry is evolving faster than ever. The cards and payments industry has always been in a state of evolution through innovation. No other part of the financial services industry has seen so much action in the last forty years.   OneCard forecasts that in the next decade the industry will continue to bring substantial growth in the payments and transaction-banking businesses. But these years will also bring disruptions, as economic models shift owing to digital technologies, regulations, intensifying competition, and new market entrants challenging incumbents. The many faces (and interfaces) of payments will change as successful innovators gain market share. The convergence of mobile wallets with smart phones, the quest for faster and more seamless digital payments is creating a more complex payment environment. Processing costs in today’s payment system continue to take away from businesses’ bottom line.   In 2013, payments businesses generated $425 billion in transaction revenues, $336 billion in account-related revenues, and $248 billion in net interest income and penalty fees related to credit cards. The total represented roughly one-quarter of all banking revenues globally. Banks handled $410 trillion in noncash transactions in 2013, more than five times the amount of global GDP. Non-cash transactions is expected to compoundly grow in the 7% range, and perhaps reach $780 trillion by 2023.[1] [1] – “Global Payments 2014: Capturing the Next Level of Value”

The OneCard System

OneCard Limited offers Scheme Owners access to a comprehensive Back Office developed and operated by China Union Pay under its very successful Shang Ying Tong Card product in China.

Shang Ying Tong logo

Instead of the Shang Ying Tong, we have dubbed it the OneCard System.  This proven Payment Solution has thousands of Scheme Owners and Affiliates in China processing millions of transactions daily. Internationally the OneCard System targets businesses looking to implement their own closed payment schemes. Why? Some of these businesses are loathed to pay the high transaction fees imposed by the mainstream Card companies. In fact, the Boston Consulting Group estimates that the retail payments industry earned total fees of $751 billion in 2013. In addition some of these scheme owners cannot afford to build such a system because of its huge investment, and time to market.


A typical Scheme Owner may be a very successful professional sports team that wishes to launch its own branded card. This sports team may want fans to use the card for payment for tickets, food and drinks, souvenirs, and prizes. It may also wish to incorporate a loyalty component, a gifting component, and a business-affiliation component to give more value to fans. And at a reduced cost! And managed by the sports team!  The OneCard System may be a silent but powerful alternative to the current mainstream and inflexible Card systems dominated by the banks, Visa, MasterCard, etc. The sports team can now independently manage the entire program, make its own decisions on how the system runs, whom to do business with, keep and manage the money loaded into mobile wallets, how much to charge, when to charge, and dynamically be able to change directions very quickly. The OneCard Back Office gives the sports team this power, ability, and agility!


The OneCard System could be called a private-labeled system for Scheme Owners. In other words, the Scheme Owner can put its logo on the OneCard. It is called branding the card so that it not only becomes a prestigious advertising piece for the company as well as its connected Affiliates, but also has a few compelling business-generating financial transaction functions.