The new ICBC UnionPay Kylin Debit Card is designed to signify career success, harmonious family, and bring good fortune to cardholders. Besides enabling users to make payment in SGD and RMB with no conversion fees, the card also allows them to make deposits and withdrawals in Singapore, remit money to ICBC China via e-banking, and make cash withdrawals without additional fees at almost 100,000 ICBC automated teller machines (ATMs) in China, according to the official press release.
To support users’ needs for contactless payments, the card is equipped with UnionPay’s Contactless payment feature, QuickPass, which enables cardholders to pay for their purchases with a simple tap at participating merchants locally and at over 20 million acceptance points around the world. ICBC looks to also incorporate the UnionPay QR Code payment feature into ICBC’s mobile banking application to provide customers with more payment options and enable them to transact via UnionPay at over 30 million merchants worldwide.
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