UnionPay extends card reach
By Maggie Zhang |
August 4, 2009, Tuesday
|
Print Edition
Print Edition
CHINA UnionPay Co is going all out to expand the bank card network in second-tier cities to boost bank card-based consumption, the country's sole bank card transaction clearing house said.
The new point-of-sale machines and merchant network in second-tier cities accounted for half of the expansion in China in the first half, the Shanghai-based company said, without giving total figures. UnionPay tracks all yuan-backed bank card transactions in China.
"The banks and UnionPay are improving the bank card infrastructure to boost the use of bank cards," UnionPay said. "The next focus is the second-tier cities and rural areas" where acceptance of bank cards for transactions is not widespread unlike in major cities such as Shanghai and Beijing.
The People's Bank of China plans to boost the use of non-cash payment by 20 percent by 2012 in the rural areas.
The new point-of-sale machines and merchant network in second-tier cities accounted for half of the expansion in China in the first half, the Shanghai-based company said, without giving total figures. UnionPay tracks all yuan-backed bank card transactions in China.
"The banks and UnionPay are improving the bank card infrastructure to boost the use of bank cards," UnionPay said. "The next focus is the second-tier cities and rural areas" where acceptance of bank cards for transactions is not widespread unlike in major cities such as Shanghai and Beijing.
The People's Bank of China plans to boost the use of non-cash payment by 20 percent by 2012 in the rural areas.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
