Xinhua, 1 Sep 2008
SINGAPORE, Sept.1 (Xinhua) -- China-based electronic payment operator China Union Pay (CUP) and Singapore's DBS Bank signed a deal here on Monday, allowing 1.6 billion Chinese CUP cardholders the convenience of using their credit and debit cards at more retail outlets in Singapore.
With this strategic alliance, DBS said it can now offer the full suite of CUP card products and related services in markets it operates in, including China and Indonesia. This covers debit and credit card issuance, CUP card acceptance at DBS point-of sales (POS) terminals and CUP card acceptance for cash withdrawal at all DBS's ATMs regionally.
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