China UnionPay cards now accepted in Taiwan s ATMs

Write: Panna [2011-05-20]

China UnionPay cards now accepted in Taiwan s ATMs

From:Xinhua

China UnionPay Co. Ltd. (CUP), a bankcard services provider, announced Wednesday it has reached an agreement with Taiwan Financial Information Service Co., Ltd (FISC) that allows cards of the former to be used in ATMs in Taiwan.

The agreement enables Chinese mainland tourists holding CUP bankcards to withdraw cash and make balance inquiries in 64 percent of automatic teller machines (ATMs) in Taiwan.

CUP's cooperation with FISC also boosted the Chinese mainland bankcard association's presence in Taiwan after the CUP bankcards were accepted by Taiwan merchants since August 2009.

According to the agreement, ATMs of 18 Taiwan banks, or 64 percent of the island's total, will begin accepting CUP bankcards immediately.

Each CUP debit card can only be used to withdraw a maximum cash equivalent of 10,000 yuan (1,472 U.S. dollars) per day, according to the agreement.