UnionPay Ex­pan­sion

Beijing Review - - This Week -

Aus­tralia’s fore­most tourism body, Tourism Aus­tralia, will boost col­lab­o­ra­tion with China’s UnionPay In­ter­na­tional to “stim­u­late Chi­nese vis­i­tor spend­ing” in Aus­tralia, the na­tion’s Trade Min­is­ter, Steve Ciobo, an­nounced on Au­gust 28.

UnionPay is a ma­jor pay­ment ser­vice provider for trav­el­ers from China and other Asian coun­tries. Its cards are ac­cepted in 162 coun­tries and re­gions around the world, in­clud­ing Aus­tralia.

Ciobo said the fur­ther col­lab­o­ra­tion, agreed upon in a Mem­o­ran­dum of Un­der­stand­ing (MoU), would en­sure a more en­joy­able and smoother ex­pe­ri­ence for Chi­nese tourists us­ing the ser­vice in Aus­tralia.

“This MOU will en­able Tourism Aus­tralia and UnionPay In­ter­na­tional to col­lab­o­rate on busi­ness de­vel­op­ment and joint pro­mo­tional ac­tiv­ity,” Ciobo said in the state­ment.

“It will also im­prove the Aus­tralian trav­el­ing en­vi­ron­ment and ex­pe­ri­ence by fa­cil­i­tat­ing the highly rec­og­nized in­ter­na­tional pay­ment. This will in turn stim­u­late Chi­nese vis­i­tor spend­ing in Aus­tralia and boost tourism rev­enue.”

Ciobo said he “rec­og­nizes the im­por­tance of the China mar­ket to Aus­tralia’s tourism in­dus­try,” adding that col­lab­o­ra­tion would make choosing Aus­tralia as a travel des­ti­na­tion eas­ier for more Chi­nese tourists.

“The (Aus­tralian) gov­ern­ment val­ues the China mar­ket and is sup­port­ing its growth through the his­toric free trade agree­ment with China, tri­al­ing 10-year mul­ti­ple en­try vis­i­tor visas and set­tling a landmark open avi­a­tion mar­ket air ser­vices ar­range­ment that re­moves all air­line ca­pac­ity re­stric­tions between Aus­tralia and China,” the min­is­ter said.

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