Fintech PR
UnionPay’s Innovative Payment Products Showcased at the CIIE for Convenient Cross-Border Payment Services
SHANGHAI, Nov. 14, 2023 /PRNewswire/ — On the site of the sixth China International Import Expo (CIIE) at the National Convention and Exhibition Center (Shanghai), the commercial card solution brought by UnionPay International (UPI) catches the eyes of several exhibitors from Central Asia. “This product helps businesses manage the travel expenses of their employees and is tailored for the payment demand of professionals in cross-border trade. We have received several client queries these days,” explains a UPI staff member.
UPI has stepped up efforts to enhance its capabilities to facilitate payments made by visitors to China. Outside China’s mainland, over 200 million UnionPay cards have been issued and 180 UnionPay-standard wallets launched, providing exhibitors with more convenient payment options. A variety of signature products have also appeared at the CIIE such as commercial cards, integrated B2B solutions and the Shop the World platform, which meet the diverse payment needs in cross-border trade. Together with Bank of China (BOC), the official strategic partner of the event, UPI has rolled out a wealth of offers, cash rebates and exclusive privileges.
Diversified Payment Options in China for International Exhibitors
At the booth of Serbia, one of the guest countries of honor at the Country Exhibition, 24 businesses have made a collective appearance, a record number of Serbian exhibitors at the event as media reports suggest. In line with the deepening economic and trade cooperation between China and Serbia, the Balkan country’s national payment system DinaCard issued UnionPay cards for the first time in 2022, drawing a large number of card applications from Serbian residents, and over 400,000 cards have been delivered in slightly more than a year.
The card issuance project in Serbia is a snapshot of UPI’s efforts to accelerate business localization and enhance the cross-border payment experience for people outside China’s mainland, especially when they visit China. To that end, UPI has actively contributed to the improvement of the payment service system for visitors to China, which involves card payments for large-amount transactions, QR payments for small-ticket purchases and cash payments as a backup method. Currently, UnionPay cards have been issued in 78 countries and regions outside China’s mainland, and over 170 million cards have been issued in the participating countries and regions of the Belt and Road Initiative. One out of every four new cards issued in the Asia-Pacific region carries the UnionPay brand. At the CIIE, UPI has signed a large-scale card issuance agreement with an Australian financial institution. These cards can be used on a cross-border basis and are accepted by 25 million merchants and on 880,000 ATMs in China’s mainland. In Shanghai, for instance, the cards can transact on POS terminals at merchant locations frequented by international visitors such as commercial zones, cultural and tourism sites, airports, and railway stations. Key merchants cover transport hubs including the Hongqiao International Airport, Pudong International Airport, Hongqiao Railway Station, and Shanghai Railway Station.
With the changes of consumers’ payment habits, UnionPay-powered wallets have increasingly become the preferred payment method for a growing number of international exhibitors to pay in China’s mainland. In recent years, UPI has ramped up digital wallet collaboration with international card issuers and payment companies. This allows apps outside the Chinese mainland to make QR payments to global UnionPay QR merchants, including those in the mainland, by linking local UnionPay cards or issuing UnionPay virtual cards. More than a hundred of such wallets have been rolled out in 35 countries and regions outside China’s mainland, including well-known applications such as Malaysia’s GoPayz, K PLUS by Thailand’s Kasikornbank and South Korea’s NaverPay. Users of these wallets can make seamless QR payments in China’s mainland without additional apps.
Abundant Benefits and Offers for Spending in China
UPI signed a Memorandum of Co-operation to Support the Sixth China International Import Expo with the Shanghai Branch of BOC, the official strategic partner of the CIIE. The Chinese lender has issued millions of UnionPay cards outside China’s mainland. Its banking apps in markets such as Hong Kong and Macao SARs, Japan, Southeast Asia, and Australia all support UnionPay QR payment. These products have become familiar cross-border payment tools for exhibitors coming to the mainland. During the CIIE, exhibitors can enjoy exclusive cash rebates when using UnionPay credit cards issued by BOC (Hong Kong), BOC Macau Branch and BOC Singapore Branch, and holders of the BOC Greater Bay Area Youth Card can enjoy an extra cash rebate up to 6%.
UnionPay also provides multiple benefits and offers to international exhibitors. Visa centers in cities such as Sydney and Melbourne of Australia, Jakarta of Indonesia, Tokyo of Japan and Seoul of South Korea have launched fast-track visa services for UnionPay cardholders. Particularly, international cardholders using UnionPay cards or UnionPay standard wallets can enjoy CNY 30 off for spending of CNY 200 or more at New World City Plaza, Jiu Guang Department Store, Bicester Village Shanghai and other malls in well-known shopping districts. The Oriental Pearl Tower, Lianhua Supermarket, McDonald’s and other merchants in the culture, tourism, grocery, and F&B sectors have also announced CNY 20 off for every purchase over CNY 50 exclusively for these cardholders.
Innovative Products for Cross-Border Trade
While enhancing the inbound payment experience of overseas exhibitors, UPI has also launched innovative payment products and solutions in line with its strengths in network, product and service to meet the diversified payment needs in cross-border trade. Such offering has attracted the attention of cross-border e-commerce retailers, import and export businesses and multinational corporations in and outside China’s mainland.
Since the opening of the CIIE, UPI’s integrated B2B solution has invited many queries from exhibitors with its “end-to-end” features. Various product offerings such as cross-border e-commerce solutions, digital card issuing schemes for commercial card, and innovative payment solutions for overseas enterprises can meet the cross-border payment needs of businesses and facilitate the digital transformation of trade. Among them, UnionPay commercial products, including business card, corporate card and purchase card, have reached million-level issuance in over ten countries and regions such as Southeast Asia, Europe and Africa.
The Shop the World platform developed by UPI empowers international merchants as they tap into the Chinese market. A Southeast-Asian seller expressed the interest to access the platform on the spot, “UnionPay’s Shop the World is a good channel. The UnionPay card has a wide customer base in China, and through this platform, we can bring our products to more Chinese consumers.” In addition, in order to reduce the operating costs of non-Chinese merchants, UPI offers storefront management services alongside diverse marketing tools to help merchants attract more customers.
View original content:https://www.prnewswire.co.uk/news-releases/unionpays-innovative-payment-products-showcased-at-the-ciie-for-convenient-cross-border-payment-services-301986841.html
TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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View original content:https://www.prnewswire.co.uk/news-releases/aima-technology-welcomes-top-us-dealers-to-shape-the-future-together-302338745.html
HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants‘ online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.
“Our goal with these deposit bonus options is to empower traders of all levels,” said Christopher Oates, the spokesperson for FXGiants. “Under this scheme, we have diverse categories, including Bonus Maximiser, Booster Bonus, and the Bonus Advantage. These bonuses are designed to provide flexibility to clients as they trade on the FXGiants online trading platform.”
Exploring the FXGiants Bonus Options
The bonus options at FXGiants come with versatile advantages. The Bonus Maximiser provides a full 100% boost on all deposits without limit, whereas the Booster Bonus offers a 40% bonus on all deposits up to $4,000 for traders who want to moderately enhance their capital. On the other hand, the Bonus Advantage provides a 60% bonus on deposits up to $5,000, giving traders a better handle on risk. These bonuses enhance the trading experience on the FXGiants online trading platform.
“At FXGiants, we are committed to a trading environment that meets the evolving needs of our clients,” Oates added. “Our online trading platform is a robust ecosystem designed to support traders with advanced execution, extensive market insights, and continuous improvements. As we move forward, we will keep expanding our offerings to ensure that traders have access to the best resources and support.”
About FXGiants
FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.
Terms & Conditions apply. Bonus cannot be withdrawn.
All trading involves risk. It is possible to lose all your capital.
FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.
Website: https://www.fxgiants.com/
View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-online-trading-platform-launches-bonus-initiative-to-reward-traders-302338463.html
BEIJING, Dec. 23, 2024 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully hosted the Western China MBA Professor Training Program in collaboration with the China National MBA Education Supervisory Committee and Shantou University School of Business on December 17 and 18, 2024. 58 professors from over 40 universities in China nationwide, mostly western China, attended this training.
Since 2007, CKGSB has been aspiring to address the pressing disparities in management education between eastern and western China with its MBA professor training program. As of 2024, the program has trained 372 professors from 155 universities across 22 provinces, 4 autonomous regions, 3 direct-administered municipality in China, indirectly impacting tens of thousands of MBA students.
This year, the training focused on social innovation and business for good, a topic many participating professors found lacking in their day-to-day teaching and research. Professor ZHU Rui (Juliet), CKGSB Professor of Marketing and Director of the ESG and Social Innovation Center, led the training. She introduced how CKGSB has been innovating with the integration of business for good in management education, and how our relevant practice-based course has already helped 2,800+ students integrate ESG into their businesses. Professor Zhu also hosted an interactive workshop with the training’s participants on how they may build this idea into their teaching.
Participants shared in their post-program survey that Professor Zhu’s teaching and her ESG Assessment map gave them a new perspective on how to balance profits and social responsibilities. Many also felt inspired on how to bridge the gap between research and practice.
Recognized in CKGSB’s 2022 and 2024 ESG and Social Innovation Reports and honored as a finalist for the 2021 China Social Impact Award by the United Nations and British Chamber of Commerce, this program exemplifies CKGSB’s impact in this critical area. Through partnerships with the government, NGOs, and business schools, this initiative has made significant progress in promoting quality education and reducing inequalities.
For more information on CKGSB’s ESG and social innovation efforts, visit our ESG and social innovation website.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-successfully-hosts-2024-mba-professor-training-program-for-western-china-302338458.html
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