China UnionPay, the country's largest bank card payment processor, said Thursday that its cards will now be accepted by automatic teller machines (ATMs) owned by Brazilian bank Itau Unibanco starting from June 2.
Point of sale (POS) systems used by Redcard, the country's leading bank card payment processor, will also accept UnionPay cards, according to China UnionPay.
The move is an important opportunity for China UnionPay to expand its services in South America, the company said.
In September 2010, the company reached agreements with Redcard and Itau Unibanco, Brazil's largest commercial bank, to expand the acceptance of UnionPay cards by Brazilian merchants and ATMs in Brazil.
According to the agreements, Itau Unibanco will gradually add UnionPay card services to its 23,000 ATMs. A total of 130,000 Brazilian merchants using the Redcard POS system will also be able to accept UnionPay cards.
Weekly review
May 27
Kim calls for close ties through generations
May 23
China intends to enhance friendship with Japan
May 23
Expert: Ecological problems not all due to Three Gorges Dam
May 24
Top military official's visit promotes China-US military ties
May 28
The week in pictures
May 25
'China fever' sweeps US tourism industry
May 26
US should not monopolize cyber affairs
May 26
Salty tide hits Shanghai as drought lingers
May 25
A new chapter for China-South Africa cooperation
May 27
Military trusted most of all Chinese institutions
Point of sale (POS) systems used by Redcard, the country's leading bank card payment processor, will also accept UnionPay cards, according to China UnionPay.
The move is an important opportunity for China UnionPay to expand its services in South America, the company said.
In September 2010, the company reached agreements with Redcard and Itau Unibanco, Brazil's largest commercial bank, to expand the acceptance of UnionPay cards by Brazilian merchants and ATMs in Brazil.
According to the agreements, Itau Unibanco will gradually add UnionPay card services to its 23,000 ATMs. A total of 130,000 Brazilian merchants using the Redcard POS system will also be able to accept UnionPay cards.
Weekly review
May 27
Kim calls for close ties through generations
May 23
China intends to enhance friendship with Japan
May 23
Expert: Ecological problems not all due to Three Gorges Dam
May 24
Top military official's visit promotes China-US military ties
May 28
The week in pictures
May 25
'China fever' sweeps US tourism industry
May 26
US should not monopolize cyber affairs
May 26
Salty tide hits Shanghai as drought lingers
May 25
A new chapter for China-South Africa cooperation
May 27
Military trusted most of all Chinese institutions
