UnionPay International deepens cooperation with global tourism industry

Published on : Friday, June 5, 2015

unionPayThe 27th Ministerial Meeting of the World Tourism Organization (UNWTO) was held on June 4 in the Maldives, with UnionPay being the only payment brand in cooperation with the event.

 

 

This is also part of the achievements UnionPay International has realized in deepening the cooperation with the tourism industry to optimize payment services during outbound travels. Representatives from the UNWTO, the Pacific Asia Travel Association (PATA) and tourism authorities of about 20 countries and regions attended the meeting.

 

 

To better serve tourists from the globe, UnionPay International has been continuously expanding UnionPay card acceptance at major tourist destinations to provide cardholders with convenient, secure and preferential payment services and card-using privileges.

 

 

Currently, the global Unionpay card acceptance network has expanded to cover more than 150 countries and regions to meet UnionPay cardholders’ payment demands during travels. Meantime, UnionPay International is also working closely with tourism authorities of countries including Britain, Australia, South Korea and Japan to offer payment services that better meet tourists’ needs and promote the development of local tourism industry.

 

 

According to latest data from the PATA, a total of over 550 million tourists visited the Asia Pacific region in 2014, with the Chinese mainland, Hong Kong, and Macau being the top three tourist sources.

 

 

UnionPay card services are relatively mature in the Asia-Pacific region where the UnionPay acceptance coverage can basically meet tourists’ payment needs during travel and more and more local residents prefer to use UnionPay cards for daily consumption and international travels. The cooperation between the tourism industry and UnionPay International is also becoming increasingly close.

 

 

Currently, UnionPay cards have gained all-round acceptance in Hong Kong, Macau and Mongolia. In Taiwan, more than 90% of ATMs and over 70% of merchants accept UnionPay cards; In South Korea, almost all signature-based merchants accept UnionPay credit cards and about 1.2 million merchants accept UnionPay cards for PIN-based payment; In Singapore and Thailand, UnionPay cards are accepted by almost all ATMs and over 70% of merchants; In Australia, UnionPay cards are accepted by 70% of ATMs and about 50% of merchants.

 

 

The UNWTO is a specialized agency of the United ‎Nations and the leading international organization in the field of tourism. It is aimed at promoting the development of the tourism industry and facilitating economic development and exchanges between countries. At the end of last year, UnionPay International signed an MOU with the UNWTO whereby the two sides agreed to carry out worldwide cooperation through sharing resources and complementing each other’s advantages so as to improve the payment convenience and spending experience of UnionPay cardholders in tourist destinations.

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