| BEA China Becomes First Foreign Bank to Launch RMB Debit Cards on the Mainland |
| June 3, 2008 Category: Cards |
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On 27th May, 2008, the Bank of East Asia (China) Limited officially launched its BEA China Unionpay RMB debit cards in Beijing, making BEA China the first foreign bank on the mainland to issue RMB debit cards.
BEA China’s customers can use the debit cards at CUP-affiliated outlets to settle transactions as well as at ATMs to withdraw cash, both nationwide and overseas. The RMB debit cards issued by BEA China include the Bauhinia Card, SupremeGold Card, and SupremeGold PLATINUM Card. BEA China is a wholly-owned subsidiary of The Bank of East Asia (BEA). It operates one of the most extensive branch networks of any China-incorporated foreign bank authorised to operate on the mainland. Headquartered in Shanghai, BEA China has a network of 52 outlets. BEA China is authorised to provide a full range of personal and corporate banking services as well as overseas investment services to all customers, including local residents and enterprises. BEA China also provides agency services for general and life insurance products. In addition to the BEA China network, BEA also operates a branch in Shanghai, through which it conducts its foreign exchange wholesales banking business. More News
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