China UnionPay (CUP) inked a deal with Deutsche Bank and its ATM service provider EVO to enable UnionPay card acceptance by all the ATMs under Deutsche Bank in Germany.
The latest development will see the local ATM acceptance of UnionPay cards rise to over 60% to provide more convenient card-using experience for cardholders in Germany for travel, business and study. Ge Huayong, Chairman of UnionPay International, Jürgen Fitschen, co-CEO of Deutsche Bank, and Mark Spangenberg, Chief Operating Officer of EVO, jointly attended the signing ceremony.
Deutsche Bank, the largest commercial bank in Germany, is also one of major banks in the world. With advantages in network, products and services, UnionPay serves the world’s largest cardholder base and has become the preferred payment brand of outbound Chinese tourists. According to the cooperation agreement between UnionPay International and EVO, UnionPay cards will be accepted by about 6,500 ATMs of Deutsche Bank, which will lay a solid foundation for broader cooperation between UnionPay International and Deutsche Bank. EVO provides ATM acquiring service to many banks in Germany.
Currently, UnionPay cards are accepted by 80,000 merchants in Germany, including duty free shops, malls, department stores, and brand franchise stores, which are frequently visited by tourists. In the European market, UnionPay cards are accepted by almost all the ATMs in Britain, Switzerland and Austria. In France, Italy and Spain, UnionPay cards are accepted in major local shopping centers and duty free shops and many hotels and restaurants even offer exclusive privileges for using UnionPay cards.
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