DBS issues the world's first UnionPay multi-currency signature diamond debit card

DBS Hong Kong and UnionPay International jointly announced the launch of the world's first UnionPay multi-currency signature debit card, supporting direct payments in 14 currencies, making it the debit card with the most currencies in the Hong Kong market. DBS Hong Kong stated that the bank, in collaboration with UnionPay, has innovated cross-border financial services, issuing the first UnionPay International multi-currency debit card for residents of Hong Kong and Macau, exempting cardholders from multi-currency conversion fees for diverse cross-border needs.

The issuance launch ceremony was held in Shanghai, attended by Sanjoy Sen, Head of Retail Banking at DBS Group, and Dong Junfeng, Secretary of the Party Committee of China UnionPay and Chairman of UnionPay International. The debit card supports direct payments in 14 currencies: Hong Kong Dollar, Renminbi, Australian Dollar, Canadian Dollar, Danish Krone, Japanese Yen, New Zealand Dollar, Norwegian Krone, Singapore Dollar, Swedish Krona, Swiss Franc, British Pound, US Dollar, and Euro.

Mao Anjie, Director of Retail Banking and Wealth Management at DBS Bank (Hong Kong), stated that under the macro strategy of promoting regional financial integration, DBS and UnionPay International jointly launched this multi-currency debit card to provide customers with a seamless cross-border payment experience. He continued that with the global economic recovery and deepening regional cooperation, the demand for efficient and secure payment solutions among customers is increasingly urgent; innovative financial products and services not only allow the bank to meet diverse needs in the regional and global markets but also enhance customer consumption experience and security.

Mao Anjie said, "This debit card will gradually replace the cards that existing customers already hold, and it can be said that this will be the card held by all of DBS's future personal banking customers."

Dong Junfeng, Secretary of the Party Committee of China UnionPay and Chairman of UnionPay International, stated that as an important financial infrastructure and a globally leading international card organization, UnionPay has actively promoted the "Beautiful Action 2024" initiative this year, focusing on enhancing the localization level of international business and expanding payment services to more residents globally. The newly issued multi-currency UnionPay diamond debit card is the latest business achievement, which will bring more convenient, secure, and favorable payment options for daily and cross-border consumption for Hong Kong residents.

"In the future, UnionPay is willing to further deepen the breadth and depth of cooperation with DBS Bank by leveraging both parties' advantageous resources, jointly promoting the innovative development of financial payments, facilitating interconnectivity in the payment field, and creating an open and inclusive payment ecosystem," Dong Junfeng said.

DBS Hong Kong stated that the joint release of the multi-currency debit card with UnionPay International is one of the important measures to enhance competitiveness in the context of globalization, marking a significant step towards a more efficient and convenient financial services industry, and helping to promote the innovative development of financial payments