China Union Pay (CUP)
Since January 2005, NETS had tied-up
with China Union Pay (CUP) to let Chinese visitors use
their credit and debit cards to make purchases and withdraw
cash from ATMs throughout Singapore.
This service effectively allows NETS, its merchants
and shareholder banks to tap on a Chinese cardholder
base from more than 165 issuers from China, who form
the second largest group of International foreign visitors
to Singapore.
NETS will enable CUP card holders to withdraw cash directly
from the 800 ATMs operated island-wide by leading local
banks OCBC and UOB, with a daily cumulative withdrawal
limit of the Singapore Dollar equivalent of 5,000 RMB.
Chinese visitors can also use their card for payments
at more than 7,500 terminals of merchants in Singapore
which accept CUP cards that display the CUP logo.
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