UnionPay International has partnered with Development Bank of Singapore (DBS) to issue the UnionPay platinum multi-purpose debit card.
The debit card is equipped with UnionPay’s QuickPass function, and can be used for "tap-and-go" payment at more than seven million QuickPass terminals across the world.
Cardholders can travel by the local bus, subway and taxi by simply tapping the card, which realizes the integration of bankcard and transportation card.
The card offers cashback for overseas and local spend, 24-hour UnionPay Concierge service for shopping and dining, as well as medical and travel assistance, among others.
Further, the UnionPay platinum debit card can be used in UnionPay’s acceptance network in 157 countries and regions.
China UnionPay chairman Ge Huayong said: "This card issuance marks significant breakthrough of UnionPay’s business in Singapore, which not only offers a new payment option for the local residents, but also serves as a model for other institutions in Southeast Asia on issuing UnionPay cards.
"Based on the features of various markets in Southeast Asia, we will promote the localization of our business through diversified measures, and support bilateral cooperation and personnel exchanges."