HBL partners UnionPay to launch international prepaid card

Wednesday 27 August 2014 13:20 CET | News

Financial institution Himalayan Bank (HBL) and UnionPay International, a subsidiary of China UnionPay, a bank card association, have launched the HBL-UnionPay International Prepaid Card.

The bank will issue UnionPay-branded USD prepaid cards to Nepali citizens with travel needs to China and beyond.

The partnership between the two financial services providers will also bring the financial support to Chinese tourists coming to Nepal through 80 branches, 1,300 POS machines and 1400 SCT machines.

China UnionPay is an organization regrouping 175 banks and financial institutions in China.

In recent news, Russian MDM Bank has partnered China’s Union Pay national payment system to issue Union Pay-based cards, reports, citing the Russian news agency Itar Tass.

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Keywords: HBL, UnionPay, prepaid card, USD, China, Nepal, financial services providers
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce