China UnionPay Data Services Co., Ltd. (CUP Data) has renewed its credit card processing contract with China Minsheng Bank.

China Minsheng Bank is China’s first nationwide commercial bank to be owned by mostly non-government entities and the first commercial bank that has grown its international operations through acquisitions. It is one of the four largest joint-stock credit card issuers as well as one of the few issuers that have turned their credit card business profitable in China. China Minsheng Bank began issuing credit cards in China in May 2005, and its credit card business has grown into a portfolio of 8 million cards today.

Terms of the multi-year extension were not released.

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