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China UnionPay's major business expands in Maldives

(Xinhua)
Updated: 2010-03-06 14:31
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BEIJING-- China UnionPay (CUP) began cash withdrawal services for card holders in 95 percent of automatic teller machines in the Maldives, after launching a partnership with the island nation's biggest bank Friday.

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Following cooperation between the CUP and the Bank of Maldives, CUP card payment services will expand to 90 percent of point-of-sale (POS) terminals in Maldives.

The move aims to better serve card users as China has become the Maldives' fastest growing tourist source country since 2008, with visitors hitting 40,000 a year, said Cai Jianbo, CUP first executive vice president.

The international network of the CUP reaches 84 countries and regions. CUP launched a card payment service in Brunei on Tuesday.
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