Expo to boost use of cards
By Zhang Fengming |
January 21, 2010, Thursday
|
Print Edition
Print Edition
SHANGHAI has improved its payment mechanism as it gets ready for the 2010 World Expo which will attract hordes of visitors, the People's Bank of China said yesterday.
The city has more than 10,779 automatic teller machines at the end of 2009, a rise of 16.3 percent from a year earlier, the Shanghai headquarters of the PBOC said in a statement.
The number of businesses in the city equipped with point of sales machines which accept payments by bank cards grew by 31.2 percent year on year to 73,533 as Shanghai paves the way for a smooth payment system.
About 70 million domestic and overseas visitors are expected to visit the Expo in Shanghai from May to October and it is expected to trigger demand for better financial services and payment system. All shops in the Expo site can accept yuan-backed or foreign exchange-denominated bank cards.
The PBOC will ensure an ample cash supply on the Expo site to meet demand for cash withdrawals.
The city has more than 10,779 automatic teller machines at the end of 2009, a rise of 16.3 percent from a year earlier, the Shanghai headquarters of the PBOC said in a statement.
The number of businesses in the city equipped with point of sales machines which accept payments by bank cards grew by 31.2 percent year on year to 73,533 as Shanghai paves the way for a smooth payment system.
About 70 million domestic and overseas visitors are expected to visit the Expo in Shanghai from May to October and it is expected to trigger demand for better financial services and payment system. All shops in the Expo site can accept yuan-backed or foreign exchange-denominated bank cards.
The PBOC will ensure an ample cash supply on the Expo site to meet demand for cash withdrawals.
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