5% Cash Rebate for UnionPay Transactions at 60 Thousand Online Retailers in South Korea

SHANGHAI, China, July 29, 2015 / Xinhua-AsiaNet — UnionPay International announced on July 28, that about 60,000 online merchants in South Korea now offer exclusive 5% cash rebate upon purchases made with UnionPay cards (with card number starting with 62). The marketing event applies to all UnionPay cards issued outside South Korea, and covers almost all Korean online merchants accepting UnionPay online payment, including various well-known online retailers specializes in cosmetics, garment, food, groceries, mother and baby products.

According to KNTO, the number of tourists to South Korea in June decreased by 53% year-on-year. However, the latest data issued by UnionPay International indicates that interests in Korean goods from UnionPay cardholders in Mainland China, Hong Kong and Macao remain strong. In the first half of this year, the trade volume of Korean online merchants offering overseas delivery services increased by more than 50%, excluding duty-free online merchants which require consumers to pick up purchased items personally in South Korea. In particular, G-market, the largest online marketplace in South Korea and STYLENANDA, an online boutique have seen strong growth momentum after enabling UnionPay cross-border mobile payment.

In order to meet the strong demands, UnionPay International has joined hands with all local gateways and partners to roll out two special offers. All online merchants accepting UnionPay online payment (except for lotte.com and hmall.com and some duty-free stores) now offer 5% cash rebate for UnionPay transactions with a maximum of 10,000 won per card per month. Most of such merchants, including G-market, okdgg and online ticketing sites for popular shows offer Chinese/English interface and overseas delivery service. In addition to that, SHINSEGAE Duty Free, SHILLA Duty Free and Asiana Duty Free offer special discounts and points upon payment with UnionPay cards.

UnionPay online payment for cross-border online shopping ensures the security of transactions. The UnionPay online payment system utilizes the internet security system with independent intellectual property right, and provides users with password safety protection control, dynamic SMS password, information security encryption transmission and other safety measures, which guarantee secure online shopping experience.

There are over 200 million UnionPay online and mobile payment users. They can do online shopping, online travel reservations, tuition payment and airline booking with UnionPay cards at 10 million overseas merchants in over 100 countries and regions such as Europe, America, Japan, South Korea, South Pacific, Hong Kong and Macao.

For more information: http://www.unionpayintl.com/

Source: UnionPay International