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China UnionPay's ATM business expands into Middle East, Africa

(chinadaily.com.cn)
Updated: 2009-04-25 11:29

China UnionPay's automatic teller machine (ATM) network has expanded to 61 countries and regions after it recently started service in nine Middle East and African countries, sources with the company said on Friday.

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The nine countries are the United Arab Emirates, Lebanon, Syria, Afghanistan, Iraq, Yemen, Jordan, Djibout and the Republic of Congo.

The economic and trade relations between China and the nine countries have become closer in recent years, with a total bilateral trade volume of $22 billion in 2008...

The full text is available in the April Issue of China Banking. Please visit E-Shop for more subscription details.