Monday, May 27 2024 17:31

Converse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay Platinum

Converse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay Platinum

ArmInfo. Converse Bank began issuing and servicing China UnionPay system cards - UnionPay Gold and  UnionPay Platinum. This was noted in a message issued by Converse Bank on May 27.

At this stage, cards for this system can be ordered at Converse Bank  branches, but they will also be available to order via the Converse  Mobile app soon.

This is another step by Converse Bank aimed at expanding the services  offered to individuals.  The bank's statement noted: "China Union Pay  is one of the fastest growing payment systems in the world. The  system's cards are serviced in 183 countries, but UnionPay cards will  be of particular interest to people with business and tourism  interests in the Chinese and Russian markets."

UnionPay cardholders will be able to take advantage not only of  Converse Bank's offers on premium cards, but also of the  opportunities provided by this payment system:  Preferential   discounts at retail outlets around the world;  Additional discounts  in hotels around the world;  Discount on car rental;  Access to  airport business lounges;  Travel insurance; Concierge service.

You can find out more about the tariffs and conditions of these cards  on the Converse Bank website under the links:   https://conversebank.am/hy/UnionPay/ and  https://conversebank.am/hy/Uniongold/.

The bank's message mentions that banks in more than 70 countries have  the right to issue UnionPay cards, and as of 2020, 45% of global  trade was carried out with cards of this system.

In mid-November 2023, the Central Bank of the Republic of Armenia  gave permission for Acba Bank and Converse Bank to participate in the  foreign settlement and payment system UnionPay International (UPI).  That same month, the two banks simultaneously announced their  intention to begin issuing China UnionPay cards. Notably, Acba Bank  has been servicing cards of this system since October 2019, and from  May 7, 2024 it began issuing UnionPay Gold and UnionPay Business. 

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