China UnionPay International partners with Australia Post

MELBOURNE - Australia Post and China UnionPay International, the world’s largest card organisation, plan to issue Australia’s first UnionPay multi-currency travel card by the end of the year. The new UnionPay Load&Go travel card is designed to support the significant number of Australians travelling to China for business and leisure. 

Australian travellers will be able to load Australian Dollars (AUD) and Chinese Yuan (CNY) currency to ensure exchange rates are locked in prior to departing Australia and to keep track of  spending online. There is an ability to reload and top up funds while away.
Australia Post Managing Director and CEO, Ahmed Fahour said Australia Post in discussions with a range of billers to add UnionPay as a method of payment. UnionPay has more than 4.2 billion cards in circulation, accepted by more than 7.6 million merchants in China alone.  www.auspost.com.au (ATI).