China Unionpay, Singapore UOB bank issue credit card

SINGAPORE -- China's national card network operator China Unionpay (CUP) partnered Singapore's United Overseas Bank (UOB) on Tuesday to issue what it claims the first Singapore bank-issued credit card in China.

Both sides hope to target Singaporeans who are regular business travelers to China.

Card users will be able to enjoy easy card payments across China due to CUP's wide network of merchant terminals and ATMs.