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Chinese can swipe UnionPay cards in Czech
By Ding Yining and Zhang Kun |
May 4, 2012, Friday
|
Online Edition
Online Edition
CHINA UnionPay, the country's sole bank card transaction firm, has reached an agreement with Komerceni Banka (Czech Commercial Bank) to allow its card holders to withdraw Czech currency from nearly 700 automatic teller machines the bank operates.
Overseas UnionPay cardholders will be able to withdraw local currency and swipe debit cards or credit cards according to the real-time exchange rate, saving up to 2 percent conversion fees out of overall transaction amount.
Czech Commercial Bank is one of the major banks in the Czech Republic with the largest transaction volume and nearly 400 branches across the country.
Czech merchants began to accept UnionPay cards in 2010 and their number has been expanding since then.
Overseas UnionPay cardholders will be able to withdraw local currency and swipe debit cards or credit cards according to the real-time exchange rate, saving up to 2 percent conversion fees out of overall transaction amount.
Czech Commercial Bank is one of the major banks in the Czech Republic with the largest transaction volume and nearly 400 branches across the country.
Czech merchants began to accept UnionPay cards in 2010 and their number has been expanding since then.
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