This is the first time UnionPay cards are issued in Switzerland

UnionPay teamed up with Switzerland-based bank. Source: shutterstock.com

UnionPay International has announced its cooperation with Switzerland-based CIM Bank to issue UnionPay credit cards locally.

According to the report, over 150 million UnionPay cards have been issued outside Mainland China. In fact, the transaction volume these cards generate in the Chinese mainland surged by 40% in Q1, which has effectively facilitated the two-way exchanges between China and the rest of the world.

Nowadays, UnionPay cards are accepted by all ATMs and nearly 80% of merchants in Switzerland. The use cases are particularly diversified in Swiss cities such as Lucerne, Geneva, and Zurich.

We’ve reported that Bank of Scotland unveiled a new polymer ￡50 note design.

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