Business
        

Companies

UnionPay expands in Taiwan for tourism program

Updated: 2011-06-28 10:18

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- China UnionPay (CUP), a bank card services provider, said Monday it has reached an agreement with Taiwan-based Financial Information Service (FISC) to further expand the acceptance of CUP bank cards in Taiwan.

According to the agreement between CUP and FISC, CUP bank cards will be accepted by 3,000 automatic teller machines (ATMs) owned by the Chunghwa Post Co.

Related readings:
UnionPay expands in Taiwan for tourism program Taiwan travel industry hails mainland individuals
UnionPay expands in Taiwan for tourism program Mainland's new individual travel policy hailed
UnionPay expands in Taiwan for tourism program Spat between Visa, China UnionPay spills into BC Card
UnionPay expands in Taiwan for tourism program China UnionPay, Datang to develop mobile payment system

The deal enables CUP bank cards to be accepted by about 80 percent of the total ATMs in Taiwan and is expected to facilitate the use of bank cards by tourists from the Chinese mainland ahead of a pilot travel program that will allow mainlanders to visit Taiwan as individual tourists. The first group of individual mainland tourists will set out for Taiwan on Tuesday.

CUP bank cards can now be used at Taiwan's airport tax-free stores, convenient stores, shopping malls, scenic spots and in taxis.

Some 1.16 million mainland tourists visited Taiwan last year, a year-on-year increase of 92.6 percent.

The island became a popular travel destination for mainland tourists after Taiwan lifted a travel ban for mainland group visitors in July 2008.

Specials

Premier Wen's European Visit

Premier Wen visits Hungary, Britain and Germany June 24-28.

My China story

Foreign readers are invited to share your China stories.

Singing up a revolution

Welshman makes a good living with songs that recall the fervor of China's New Beginning.

Pret-a-design
Mom’s the word
Big win