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What does Yisheng mean by paying UnionPay customer settlement?
This sentence refers to the settlement process of Yisheng Payment Company and UnionPay.
UnionPay refers to China UnionPay, a joint organization of bank cards in China, which is responsible for the processing and settlement of inter-bank transactions of bank cards. Yisheng Payment is a third-party payment company that provides payment solutions and services.
Yisheng Payment UnionPay customer settlement refers to Yisheng Payment Company's inter-bank transaction settlement through China UnionPay, that is, Yisheng Payment Company settles its customer's transaction payment to the corresponding payee through UnionPay network.
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