Extended use of CUP cards in Singapore

A new strategic partnership was signed China-based electronic payment operator China Union Pay (CUP) and Singapore's DBS Bank. The subject of the agreement is 1.6 billion Chinese CUP cardholders to use their credit and debit cards at more retail outlets in Singapore.

This team-work enables DBS to offer the full range of CUP card products and related services in markets it operates in, including China and Indonesia. This partnership will cover debit and credit card issuance, CUP card acceptance at DBS point-of sales (POS) terminals and CUP card acceptance for cash withdrawal at all DBS's ATMs regionally.

Currently more than 950 DBS ATMs in Singapore and Hong Kong are available for CUP cardholders. Besides, DBS POS terminals in Macao and Hong Kong are also accepting CUP cards.