Interbank Deal Enables China UnionPay Card Use In Peru

China UnionPay customers now may use their cards in Peru under an agreement the card company signed last week with Lima-based Interbank Ltd., a spokesperson from the card company tells PaymentsSource.

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Holders of UnionPay-branded cards may use them at any of Interbank’s more than 1,500 GlobalNet-branded ATMs and at approximately 1,600 payment terminals within Interbank’s point-of-sale network, the spokesperson said in a phone interview.

Interbank will modify its entire ATM network to accommodate Chinese customers, including adding a Mandarin-language menu, he added.

 “We will encourage our cardholders to use Interbank’s ATMs to withdraw cash, as they will save up to 2% in currency-conversion fees,” the spokesperson says.

China UnionPay last week announced a similar arrangement in Brazil with Itaú Unibanco S.A (see story).

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