UNIONPAY INTERNATIONAL ACCELERATES THE LOCALIZATION OF ITS OVERSEAS BUSINESS--UNIONPAY CARDS ARE GAINING POPULARITY AMONG OVERSEAS CUSTOMERS

SHANGHAI, China, July 20, 2016 /Xinhua-AsiaNet/--

 

UnionPay International is accelerating its localization overseas by enlarging card-issuing scale abroad, and by supporting overseas cardholders' card-using in the local market, China and other countries and regions. Latest data show that, by this June, the transaction volume of overseas-issued UnionPay cards has grown by about 40% year-on-year, well above that of domestically-issued UnionPay cards in overseas markets. The transaction volume of overseas-issued UnionPay cards takes up about half of UnionPay's international business. Around 58 million UnionPay cards have been issued in 40 countries and regions overseas. This year, more markets issued UnionPay cards: Lebanon, Jordan and Qatar for the first time; US issued its first UnionPay credit card, and DBS in Singapore issued its first UnionPay card. UnionPay International also issued Thailand's first local-brand debit card with Bangkok Bank. Countries along the "Belt and Road" including Russia, Kazakhstan and Uzbekistan also issued UnionPay products extensively. http://mrem.bernama.com/viewsm.php?idm=27194