China Taiwan Province Network reported on May 4 that the "Financial Management Committee" of the Taiwan authorities said today that it has agreed that mainland UnionPay card users can withdraw money, borrow cash in advance and check the balance on the island, and 18 banks applying for acquiring business will be approved as soon as this week. It is estimated that land passengers will use UnionPay cards to withdraw cash for about NT$ 1.436 billion a year.
According to Taiwan Province's "Central News Agency", Lin Dongliang, deputy director of the Banking Bureau of the Financial Supervision Commission of Taiwan authorities, said that following the opening of UnionPay card credit card consumption in July last year, the "Financial Management Commission" has approved financial companies to handle the transaction authorization and clearing services of UnionPay card's ATM withdrawal, cash advance and balance inquiry receipt business. In addition, 18 banks have submitted applications for receipt business, which is expected to be approved as soon as this week.
The p>18 financial institutions applying for cash withdrawal and receipt of UnionPay cards are Taiwan Bank, Cooperative Treasury, Shanghai Commercial Bank, Land Bank, Changhua Bank, Kaohsiung Bank, Taiwan Province Enterprise Bank, First Bank, South China Bank, Taibei Fubon, Guotai Shihua, Zhaofeng Bank, Xinguang Bank, Yongfeng Bank, Yushan Bank, Taixin Bank, China Trust and Taichung Bank.
Lin Dongliang said that in the future, the maximum withdrawal amount of UnionPay cards in the island will be RMB1, per card day, and the single withdrawal amount will be NT$ 2, according to the current international cash withdrawal standards for financial cards and credit cards. He pointed out that it is estimated that the amount of cash collected by Luke with UnionPay cards at ATMs in Taiwan can reach NT$ 1.436 billion in one year, and the number of withdrawals is about 71,8 to 143,6, with a handling fee of US$ 1 per transaction; The average number of ATM balance inquiries is about 7,978 to 15,9 in a year, and a handling fee of $.18 is charged for each transaction.