UnionPay Will Reach 100% Acceptance in Portugal

This year marks the 40th anniversary of the establishment of diplomatic relations between China and Portugal. Over the past four decades, the partnership between the two countries in the field of finance has strengthened continuously.

Release time : 2019-01-31 10:38:53

source : UnionPay website

This year marks the 40th anniversary of the establishment of diplomatic relations between China and Portugal. Over the past four decades, the partnership between the two countries in the field of finance has strengthened continuously. UnionPay International announced today that UnionPay will be accepted at all the merchants in the network of Caixa Geral de Depositos (CGD), the largest bank in Portugal; and UnionPay will reach 100% acceptance in Portugal this year. On the same day, Millennium bcp, the largest private bank in Portugal held a UnionPay card issuing ceremony, starting issuing the first UnionPay card in the country. UnionPay International CEO Cai Jianbo, CGD CEO Paulo Macedo, Millennium bcp CEO Miguel Maya attended the aforementioned ceremony, and Chinese Ambassador to Portugal Cai Run was also present to witness.

In December of 2018, Portugal and China signed a memorandum of understanding on building the “Belt and Road”, and ties between the two countries have become increasingly close. According to the local tourism department, the number of Chinese tourists visiting Portugal will exceed one million in 2019. Lisbon is planning a grand celebration to welcome the Chinese New Year. In order to better serve UnionPay cardholders, UnionPay International has carried out extensive collaboration with major local institutions over the past few years to have reached card acceptance at all ATMs and about 80% POS terminals that accept international bankcards in Portugal. The local UnionPay acceptance network covers hotels, restaurants, shopping malls, supermarkets, tourist attractions, etc.

Mr. Cai Jianbo said that on the basis of continuously expanding its acceptance network in Portugal, UnionPay International has achieved breakthroughs in local card issuance, expanding its service target to local consumers and providing stronger support for the economic cooperation and personnel exchanges between China and Portugal. UnionPay’s business