IMGCAP(1)]
[IMGCAP(2)]
China UnionPay, the state-backed payment card network, will enter the Filipino credit card market in collaboration with Rizal Commercial Banking Corp., a spokesperson from the Manila-based bank tells CardLine Global. "The two parties will issue a CUP-branded credit card over the next 6 months," the official says. "This card will target the Chinese audience in China which travels to Philippines frequently." The spokesperson says the deal will enable UnionPay cardholders to use their cards at "Bankard-accredited merchants." Bankard Inc. is RCBC's local credit card subsidiary.
