HK: Hang Seng launches RMB credit card.

(From The Asian Banker Journal)

Hang Seng Bank has expanded its range of RMB services with the launch of a Hang Seng Renminbi (RMB) Credit Card. The Hang Seng RMB Credit Card offers frequent business and leisure travellers convenience in settling expenses and receiving cash advances when travelling in mainland China. The Card is accepted at over 400,000 point-of-sales terminals in merchant outlets displaying the China UnionPay (CUP) acceptance logo in the Mainland. Cardholders can also receive cash advances in RMB banknotes from any of the 50,000 ATMs featuring the CUP acceptance logo in the Mainland. Transactions made with the Hang Seng RMB Credit Card will not involve any exchange rate conversion as they are settled and calculated in RMB. Cardholders can repay the outstanding balance via transfer from their Hang Seng RMB deposit account. The 'ISOS Hospitalisation in the …