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Travelex and Austin, TX-based Rev Worldwide have unveiled the launch of The Travelex NiHao Card, a reloadable prepaid travel card in association with UnionPay International. The Nihao Card launch in Hong Kong marks the first Rev processed UnionPay card.
The Travelex NiHao Card is an instant-issue reloadable UnionPay prepaid product now available over the counter at all Travelex branch locations throughout Hong Kong, and is accepted at over 9.5 million retail merchants, and online, plus over 500,000 ATMs throughout China.
Rev and UnionPay International previously announced a partnership focused on innovative travel product expansion opportunities.
As the technology partner and processor behind the NiHao Travel Card, Rev brings a proven payments processing platform for delivering innovative travel products around the world.
Travelex distributes and markets the product directly to consumers. Travelex provides cash and prepaid cards through over 37 million retail transactions each year utilising a network of over 1,500 stores and over 1,250 ATMs in 28 countries.
Rev notes that when it comes to travel from Hong Kong, there are over 1,000 flights daily to over 180 destinations around the world, including 45 in China, making it the ideal travel gateway city for international travelers within Asia. Hong Kong sees almost 63.4 million departures to international destinations per year, and 96.5% of those departures are to China, Macau and other nearby Asian destinations.
Additionally, Hong Kong travelers are some of the biggest spenders in the world, with an estimated $22.8 billion (US) spent on international travel-related expenses in 2014, making Hong Kong the 4th largest outbound travel market in Asia, according to the World Tourism Organization (UNWTO).
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