China UnionPay has extended its overseas credit card emergency cash-assistance service to 20 countries and regions, a spokesperson for the card organization tells PaymentsSource.
Initially available only in about 10 Asian nations, the service now extends to 52 branches in 20 countries and regions, including outlets recently added in the United States and Japan, he says.
Provided to UnionPay credit cards issued by all Mainland China banks, the service allows the cardholders to get emergency cash assistance from branches if they lose their cards or the cards stop working. Each issuer determines how much cardholder could receive, capped at US$5,000 or 3,800 euros, he adds.
UnionPay launched the service in 2011 to make outbound travel for UnionPay cardholders more convenient and safe, the spokesperson says, noting UnionPay inks service deals individually with local issuers.
The service is available in Hong Kong, Macao, Taiwan, Singapore, Thailand, the Philippines, Vietnam, Cambodia, Indonesia, Australia, the Republic of Korea, the United Kingdom, France, Germany, Italy, Luxembourg, Russia, Canada, the U.S. and Japan.
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