UNIONPAY INTERNATIONAL'S PROMOTION OF OVERSEAS CARD ISSUANCE WELCOMED BY INBOUND TOURISTS

SHANGHAI, China, May 17, 2016 /Xinhua-AsiaNet/--
 
With UnionPay's rapid expansion overseas, especially the implementation of its localization strategy, UnionPay cards are frequently used by an increasing number of overseas cardholders. It is learnt on May 9 that, by the end of the first quarter of 2016, the transaction volume of overseas-issued UnionPay cards accounted for about half of UnionPay's total international business; this figure by the end of 2013 was only 27%. The transaction number of overseas-issued UnionPay cards in the Chinese mainland increased by over 30% year on year.
 
To date, over 55 million UnionPay cards have been issued in 40 countries and regions overseas. Hong Kong, Macau, Japan, South Korea, Southeast Asia, and markets along the "One Belt and One Road" are major overseas regions in terms of UnionPay card-issuance. These markets are also the major sources of China's inbound tourists, according to National Tourism Administration.

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