The MoU commits Tourism New Zealand to increasing awareness of UnionPay cards as an option for Chinese tourists to pay for goods or services in New Zealand.
UnionPay International is committed to promoting New Zealand as a tourist destination for Chinese tourists.
The MOU was signed by Chair of Tourism New Zealand Kerry Prendergast and First Executive Vice President of China UnionPay and CEO of UnionPay International Mr Cai Jianbo, at a function at Parliament, hosted and witnessed by the Associate Minister of Tourism, Hon. Chris Tremain.
Kerry Prendergast says official recognition of UnionPay by way of this MoU serves as a clear indicator that New Zealand is "open for business" to all Chinese visitors to New Zealand.
"It is important that New Zealand is perceived by potential Chinese visitors as a place which is welcoming and convenient for them to travel to.
"Most Chinese visitors to New Zealand hold UnionPay electronic cards so from their point of view the more businesses that accept UnionPay cards, the better. And it is better for our operators too.
"By making it more convenient for visitors to use their UnionPay cards at a wider range of places in New Zealand, we can have a positive result in terms of both the quality of the visitor experience and an increased visitor spend."
China is New Zealand's second largest source of international visitors and the most rapidly growing market.
Cai Jianbo says "UnionPay will endeavour to provide its card holders from China and other countries visiting New Zealand with more payment solutions and better experience by taking several initiatives, including enabling more Point-of-Sale terminals to accept UnionPay cards and expediting chip card migration to enhance transaction security.
"I am hopeful that our promotional efforts alongside Tourism New Zealand will channel more Chinese and global customers to visit New Zealand and spend with UnionPay cards."
About UnionPay International and China UnionPay
UnionPay International (UPI) is a subsidiary focusing on the international business of UnionPay, a global bankcard association established in China in 2002. UnionPay cards are accepted in over 140 countries and regions outside China.
- The majority of outbound travelers from China hold UnionPay cards.
- UnionPay cards are also issued in more than 30 countries outside China, including in Australia, the United States, and many countries in the Asia-Pacific Region. A total of more than 20 million cards issued outside China have been in circulation.
- More than 9,000 merchants in NZ currently accept UnionPay cards.
- UPI has an established relationship with the Bank of New Zealand.
- A merchant can offer UPI through either the BNZ, or UPI's partner Dynamic Payment. Network, which can provide a dedicated UnionPay terminal.
Contact Deborah Gray, Communications Manager, Tourism New Zealand
firstname.lastname@example.org; phone +64 21 624 170