China UnionPay and the Taiwan-based Taishin Bank inked a memorandum of cooperation to expand the use of UnionPay cards in Taiwan on April 23.
In addition to the acceptance of UnionPay cards at point-of-sale and ATMs in Taiwan, card owners can withdraw cash from branches of Taishin Bank for emergency use if their cards are lost.
With individuals from more mainland cities being approved to visit Taiwan for tourism, the two sides will see strengthening cooperation, said Xu Luode, President of China UnionPay. |