Renminbi currency card issued in Hungary
The Bank of China in Hungary and China UnionPay issued the first Chinese renminbi and Hungarian forint debit card in the Eastern European country on Jan 23. It is the first renminbi bank card to be issued in Europe by the Bank of China. The card will operate in the Hungarian currency, the forint, as well as Chinese renminbi. Customers will be able to draw cash through ATMs and at point-of-sale locations with the UnionPay logo all over the world. Xu Luode, the bank’s executive vice-president, said at the card issuing ceremony that the debit card was an important achievement in financial cooperation between China and Hungary.