From June 2016, UnionPay cardholders are able to withdraw money from the largest ATM network in the Czech Republic. All of Ceska Sporitelna’s 1 390 withdrawing ATMs are starting to accept UnionPay cards, which are the most broadly used payment cards in China. UnionPay, the bankcard association serving the world’s largest cardholder base, is also strong in Asian countries and grows significantly in Russia. Apart from withdrawing cash UnionPay card holders can also check the balance on their account. They can use this service not only using the waithdrawing ATMs but also using another 208 machines that allow customers to deposit money or make transactions.
“Cooperation with UnionPay International is a business opportunity for us as the number of payment cards issued by the UnionPay is growing rapidly. Furthermore, the number of tourists using these cards who come to the Czech Republic is also growing, and we want to accommodate them and make their stay here easier for them,” said Juraj Chomo, the director of Card center at Ceska Sporitelna. Thanks to partnerships with more than a thousand institutions, UnionPay cards are issued in over 40 countries and regions and accepted in 157 countries and regions globally.
„UnionPay cards have become the Chinese outbound tourists’ most commonly used payment option. Ceska Sporitelna has a remarkable market advantage, and we will deepen our cooperation in improving UnionPay’s acceptance environment in the Czech republic in order to deliver convenient and cost-effective payment service to our customers,” said Wei Zhihong, General Manager of UnionPay International Europe. UnionPay International is a subsidiary of China UnionPay focused on UnionPay’s global business.
According to CzechTourism statistics, nearly 300 000 tourists from China visited the Czech Republic last year, which is approximately 35% more than in 2014. Chinese social customs demand that while on vacation, people do not buy presents only for themselves but also for their extended families and friends, which makes them the greatest consumers of luxury goods. Last year, the Chinese became the highest-spending tourists in the Czech Republic. The average value of their tax free purchases amounted to CZK 19 712. Most of their spending is on fashion and clothing, watches and jewellery, and glass. The Chinese accounted for about one quarter of total tourist purchases, which is nearly a 100% year-on-year increase.