| HOME PAGE | RESOURCES | MOST POPULAR | EDITORS PICKS | EDITORS BLOG | Free 7-Day Trial | Login |
Try The China Perspective Free |
Heavy Industry |
|
| Saturday, August 30, 2008 05:48:07 |
UnionPay to institute ATM transaction surcharge
UnionPay, China's ATM network operator, will begin charging a surcharge for transactions made at ATMs not belonging to the bank of the cardholder, the Beijing Times reports. Beginning on 1 April, UnionPay will charge 0.1 yuan per transaction, which the banks themselves will pay. Whether cardholders will end up footing the bill is up to the individual banks; in the past, smaller, joint-stock banks have been less inclined to charge fees than large, state-owned institutions. At present, 550 million UnionPay cards have been issued.Link: http://www.bjt.net.cn/news.asp?newsid=140075
|
Today’s Daily Briefs E-Mail
Sign up for a roundup of the day’s top stories, sent every day.
|
|
|
|
| Archive | About us | Affiliates | Privacy Policy | Contact us | Keywords China News | Subscriber Agreement & Terms of Use |
|