UnionPay International is accelerating the process of chip migration of its acceptance network in Taiwan, with HSBC Taiwan, is enabling all of its ATMs to accept UnionPay chip cards. The UnionPay card business in Taiwan started in 2009 and now 98% of the local ATMs are now able to accept UnionPay cards.
China’s UnionPay International and Germany’s CAISSA Touristic have teamed to conduct all-round cooperation in overseas travel of Chinese tourists, including incentives to overseas card use and naming tourism groups of popular travel routes.
LendProtect and Engaged partnered on short-term and installment lending for the underbanked consumer. LendProtect is the leading provider of real-time underbanked consumer data and risk scoring solutions and Engaged CRM is a secure loan sourcing platform built specifically for the financial sector. LendProtect has offered specialised credit risk data in the UK longer than any other company in the industry. The company provides real-time data regarding loan performance, payments, consumer stability and employment, which is not available from the mainstream credit reporting agencies. The data is analysed in order to provide instant lending decisions using a proprietary comprehensive scoring platform. LendProtect also provides instant, secure access to a prospect’s electronic banking statement which is instrumental in providing a more accurate affordability assessment. Consumers also benefit by receiving access to additional borrowing options.
During the golden week of “National Day Holiday”, China consumers
expressed their increased holiday consumption, with cross-bank bankcard
transactions having surged RMB 133.4 billion and a daily transaction
volume of 36.7% Y/Y. The daily average transaction amount increased in
real estate, jewelry, automobile and whole-sale transactions by 147.1%,
90.1%, 59.7% and 59.8% respectively since the year ago period.
Meanwhile, the refueling, supermarket, food & beverage, hotel and
recreational transactions also witnessed a significant growth of 48.2%,
32.8%, 32.1%, 11.4% and 11.3%, respectively, Y/Y. During the “National
Day Holiday”, the cross-bank transaction of bankcards demonstrated
growth of 35% among the national total transaction amount, increased by
4.4% than that during the “May Day Holiday” this year. More than 1.9
billion Unionpay Cards have been issued in China with 1.35 million
domestic networking merchants, 2.11 million units of network POS
machines and 180,000 units of network ATM machines.