www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Panic stampede kills 66 in Philippine capital    Earthquake hits Andaman Islands    314 rescued in Egypt's ferry disaster: official    Israeli warplanes pound southern Lebanon    Hezbollah attacks Israeli post in border area    Egyptian cruiser with 1300 people disappears    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
China UnionPay extends coverage globally
www.chinaview.cn 2006-02-04 11:03:11

    BEIJING, Feb. 4 -- China UnionPay cards can now be used in over twenty further countries outside China, including Singapore, Malaysia, Thailand, Germany, France and Australia, according to a report by the Xinhua News Agency citing data from the People's Bank of China (PBOC) and China UnionPay.

    This success follows China UnionPay cards becoming acceptable in the USA and Japan at the end of 2005, the report added.

    According to unnamed officials at the PBOC, relevant departments at the Bank are pushing for the development of the nation's banking card industry. An extension of acceptability of Chinese bank cards outside China will allow Chinese tourists greater ease in consuming goods and services outside the country and will also facilitate the growth of various related industries.

    Founded in March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the PBOC.

    At present, there are 165 banking card issuers in China, with a total of more than 900 million cards issued nationwide.

    In recent years, China UnionPay has strenuously extended its coverage globally to meet the increasing needs of Chinese card holders to use them outside China.

(Source: CRIENGLISH.com)

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.