RED.S.A, an acquirer in Cuba is issuing the first UnionPay card in the market through its partner BISCA.
Cuba is the first Latin American country that has established diplomatic relations with China. Over the years, the two countries have witnessed close economic, trade and personnel exchanges between each other. Currently, there are over 80 China-funded organizations residing in Cuba.
Meanwhile, having received over 3.5 million international tourists, Cuba is one of the hottest tourist destinations in the Caribbean area. Against this background, UnionPay International continued to accelerate its business development in Cuba and has generally realized full acceptance of UnionPay cards in Cuba through its cooperation with RED.S.A.
So far, no bankcards of international card brand have been issued in Cuba, and RED.S.A is the only bankcard brand in the local market.
The UnionPay-RED.S.A Card issued this time is an international payment card which can be used not only in Cuba but also in UnionPay network across 157 countries and regions. It will provide local residents with convenient payment service for their daily spending and international traveling. This card will choose RED.S.A as the routing option in Cuba and UnionPay outside Cuba.
Currently, UnionPay has presence in 12 countries and regions in Latin America, including emerging tourist destinations such as Mexico, Brazil, Argentina, Peru, Bahamas, Surinam and Cuba. UnionPay card acceptance outlets are mainly located in major cities and scenic regions, covering scenic spots, malls, duty free shops, and restaurants most frequented by tourists.
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