BANK of China (BOC) and UnionPay International yesterday introduced the BOC UnionPay Travel Card for South-east Asian travellers, providing access to UnionPay's payment networks and a host of travel discounts across the world.
With the support of the China National Tourism Administration, the card has been rolled out in Singapore as a credit card, in Malaysia as a pre-paid card and in Vietnam as a debit card.
It will also be launched in other South-east Asian countries within the next 12 months.
Cardholders will be granted access to UnionPay’s network of international payments and BOC’s renminbi cross-border clearance ability.
The card also entails them to discounts for tickets to over 700 places of interest in China as well as exclusive dining, shopping, entertainment and car rental offers from more than 1,000 Chinese merchants and over 5,000 international merchants.
Singapore cardholders can also avail of 14 Plaza Premium airport lounges across the world, a 10 per cent rebate at department stores OG and BHG, and double rewards points on all overseas expenditure.
BOC executive vice president, Zhu Shumin, said: “The economic and trade relations between China and countries in South-east Asia have strengthened over the last few years.
“Meanwhile, the number of visitors to China from South-east Asia is growing as well. Between January and September this year, over 2.4 million people visited China from Singapore, Thailand, Indonesia and Malaysia. The BOC Travel Card is designed to meet their needs.”