Australia’s largest bank in China, ANZ, is expanding payment options for its customers by accepting UnionPay cards at 120,000 merchant terminals and ATMs throughout Asia Pacific.
Chinese tourists, represent one in five of all overseas visitors to Australia, up from one in 20 in 2009.
Under the agreement, UnionPay cards will be accepted at ANZ merchant terminals and ATMs by 2015. ANZ will also be the first Australian bank to accept contactless and EMV enabled UnionPay cards.
UnionPay International is a subsidiary of China UnionPay and has a card network that has been extended to all cities and rural areas in China as well as 135 countries.
ANZ has had a presence in China since 1986 and was locally incorporated in 2010. It has branches in Beijing, Shanghai, Guangzhou, Chongqing and Hangzhou, as well as an operations centre in Chengdu. It also has strategic partnerships with Shanghai Rural Commercial Bank and Bank of Tianjin.
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