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Today, UnionPay International announces that holders of UnionPay cards issued overseas (card number starting with 62) can enjoy a 15% discount and diversified privileges in Xintiandi business district, a landmark in Shanghai.
To catch up with the trend of an increasing number of foreigners coming to China for traveling, business and study, UnionPay International is accelerating the construction of the privilege system supporting the use of overseas-issued UnionPay cards in domestic special business districts or border trade zones, and continuously optimizing the card-using experience in a bid to encourage spending by overseas tourists.
Currently, domestic special business districts accepting UnionPay cards are being built in Shanghai, Beijing, Guangzhou and other regions in China, providing overseas cardholders with more convenient and preferential card-using services. UnionPay International has issued over 32 million UnionPay cards in over 30 countries and regions outside the Chinese mainland in cooperation with both Chinese and foreign institutions and launched special products including dual currency (CNY and foreign currency) cards to meet market demands. Previously, UnionPay International has also launched UnionPay travel cards in Singapore and Australia to provide local residents with new payment choices for their daily spending and traveling.
These overseas-issued UnionPay cards can be used on POS terminals of 19 million merchants and 1.7 million ATMs across the world. Therefore, a growing number of foreigners choose to use UnionPay cards for their local spending and international travels. In China, UnionPay cards can be accepted by POS terminals of almost all merchants for purchases and by all ATMs for cash withdrawal or balance inquiry. UnionPay cards have become a payment tool most commonly used.
China is becoming one of the most important destinations in the world for business travel and overseas study. South Korea, Japan, Russia and America, among others, are China’s major tourist source countries. In addition, Japan and South Korea are also regions where UnionPay cards have been widely issued. This year’s National Day holiday witnessed a 20% growth in the transaction amount of overseas-issued UnionPay cards in China.
The Xintiandi business district, targeted at improving card-using experience of overseas cardholders, not only boasts strong flavor of historical and cultural heritage of Shanghai but also presents a fusion of China and the West. It has long been a place for leisure and entertainment frequently visited by tourists travelling to Shanghai. From today to December 31, cardholders can enjoy a 15% discount upon spending with overseas-issued UnionPay cards in designated merchants in the Xintiandi business district. Among the merchants participating in the promotion are hotels, restaurants, SPAs, pubs, etc. within the business district, including many well-known stores such as the T8, Langham and Andaz.
UnionPay International is devoted to enriching the UnionPay card privilege system and providing consumers with more value-added services. Cardholders can apply for UnionPay card emergency cash assistance in China and over 220 countries and regions overseas, enjoy tax refund for purchases in over 30 countries and regions outside the Chinese mainland, find help abroad by calling local customer service hotline and enjoy the VIP lounges provided by shopping centers or airports. Currently, cardholders can also enjoy exclusive privileges on purchases with UnionPay cards in 40 core business districts across the world.
