BEIJING, Jul 04, 2011 (Xinhua via COMTEX) — China UnionPay Executive Vice President Cai Jianbo and Alfonso de la Viuda Martinez, the president of Sistema 4B in Spain recently signed an agreement in Madrid, making China UnionPay card acceptable by all Sistema 4B ATMs.
The two sides have also reached a consensus on opening up the 400,000 POS under the Spanish company’s flag and launching cross-border settlement cooperation within this year.
Through its cooperation with such Spanish firms as Euro6000, and la Caixa, China UnionPay has already made its card acceptable to the ATMs and POS in Spain before then. With the opening of Sistema 4B network, the applicable area of China UnionPay cards in Spain will be expanded by more than 60%. Thus, China UnionPay card holders can freely use their cards at the ATMs of Sistema 4B, laCaixa, Euro6000 and Citibank, w hich are scattered in hotels, restaurants, and shopping malls.
Cai of China UnionPay stated that China and Spain are both the most famous countries of tourist destination. Spain has been an important trade partner in Europe of China. Every year, Spain receives approximately 200,000 Chinese visitors.
With more and more Chinese visitor coming to Spain under the Program of Chinese Visiting Spain launched by the Spanish Government, Sistema 4B holds high expectations for the UnionPay card transaction in Spain, said President Martinez. (Edited by Wang Shicong)