Wirecard releases Visa card for Chinese tourists
Wirecard and Ctrip, the online travel agent in China, are co-launching multi-currency Visa cards, which support seven currencies, eliminating the need to exchange currency abroad.
The Ctrip branded Visa cards will be issued by Wirecard and offered to all Chinese Ctrip customers. Ctrip currently has 110 million active monthly users in China.
Ctrip is a Nasdaq-listed company and owner of multiple travel sites including Skyscanner. The cooperation with Wirecard aims to facilitate digital cashless payments abroad for Chinese customers.
Arne Matthias, EVP Issuing at Wirecard, says: “Developing this tailored solution to the needs of Chinese Ctrip customers shows our large opportunities as the leading provider of digital financial technology. We look forward to expanding our partnership with Ctrip to further develop payment solutions”.
The card supports currencies from the most-visited regions of the world: Australia, Hong Kong, Japan, Singapore, the UK, US and the Eurozone. The card is available to Ctrip customers who are Chinese citizens.
According to statistics from the China National Tourism Administration, Chinese travellers made about 131 million international trips in 2017, with that number expected to increase to 200 million by 2020.
