First cross-Straits bank card is­sued

The Pak Banker - - COMPANIES/BOSS -

SHANG­HAI: A bank in East China's Fu­jian prov­ince has is­sued the first cross-Straits debit card, in as­so­ci­a­tion with a Tai­wan duty-free shop chain. The debit card was un­veiled on Wed­nes­day at Xi­a­men Bank, a main­land bank with Tai­wanese in­vest­ment.

The card can be used in Tai­wan with pref­er­en­tial treat­ment in duty-free out­lets af­fil­i­ated with Ever Rich D.F.S Corp, the bank's part­ner. Card hold­ers can with­draw money from all ATMs in Tai­wan with­out com­mis­sion and are en­ti­tled to var­i­ous busi­ness ser­vices.

More than 3.4 mil­lion trips were made from the main­land to Tai­wan in 2015. Duty-free shops in Tai­wan are among the most pop­u­lar des­ti­na­tions.

Xi­a­men Bank was founded in 1996. In 2008, it be­came the first com­mer­cial bank on the main­land to draw Tai­wanese cap­i­tal, with Fubon Bank (Hong Kong) Ltd as a strate­gic in­vestor.

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