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CARDS & PAYMENTS | Cesar Tordesillas, China

China UnionPay expands business in Nepal

China UnionPay cards will now be accepted in by all automatic teller machines and point-of-sales machines owned by Nepal's Himalayan Bank.

The company has reached an agreement with Nepal's Himalayan Bank, which will also enable CUP bank cards to be accepted by the ATM network of SmartChoice Technologies (P) Ltd., as well as ATMs and merchant stores operated by Alpine Card Services P. Ltd.

The new deal renders CUP bank cards acceptable in 70 percent of the total ATMs in Nepal and 60 percent of merchant stores.

Previously, CUP bank card holders could withdraw money and make outstanding account inquiries at Nabil Bank Ltd. and Standard Chartered ATMs in Nepal.

CUP cards are currently accepted in 130 countries and regions worldwide.

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