China’s UnionPay cards now enables cardholders to shop for merchandise made in Korea without actually being in the country. About 60,000 online merchants in Korea now offer exclusive 5% cash rebate upon purchases made with UnionPay cards.
The marketing event applies to all UnionPay cards issued outside Korea, and covers almost all Korean online merchants accepting UnionPay online payment, including various well-known online retailers specializes in cosmetics, garment, food, groceries, mother and baby products.
In accordance with the statistics issued by KNTO, the number of tourists to Korea in June decreased by 53% year-on-year. However, the latest data issued by UnionPay International indicates that interests in merchandise made of Korea from UnionPay cardholders in Mainland China, Hong Kong and Macao remain strong. In the first half of this year, the trade volume of Korean online merchants offering overseas delivery services increased by more than 50%, excluding duty-free online merchants which require consumers to pick up purchased items personally in Korea. In particular, G-market, the largest online marketplace in Korea and STYLENANDA, an online boutique have seen strong growth momentum after enabling UnionPay cross-border mobile payment.
In order to meet the strong demands, UnionPay International has joined hands with all local gateways and partners to roll out two special offers. All online merchants accepting UnionPay online payment (except for lotte.com and hmall.com and some duty-free stores) now offer 5% cash rebate for UnionPay transactions with a maximum of 10,000 won (about RMB54) per card per month. Most of such merchants, including G-market, okdgg and online ticketing sites for popular shows offer Chinese/English interface and overseas delivery service. In addition to that, SHINSEGAE Duty Free, SHILLA Duty Free and Asiana Duty Free offer special discounts and points upon payment with UnionPay cards.
UnionPay online payment for cross-border online shopping ensures the security of transactions. The UnionPay online payment system utilizes the internet security system with independent intelligent property right, and provides users with password safety protection control, dynamic SMS password, information security encryption transmission and other safety measures, which guarantees secure online shopping experience.
Currently, there are over 200 million UnionPay online and mobile payment users. They can do to online shopping, online travel reservations, tuition payment and airline booking with UnionPay cards at 10 million overseas merchants in over 100 countries and regions such as Europe, the US, Japan, South Korea, South Pacific, Hong Kong and Macao.
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