Holders of UnionPay credit and debit cards can now withdraw money from more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon, under a partnership between the Bank and China UnionPay.
"This partnership between the country's largest private bank and one of the world's largest payment card schemes, will facilitate visits to Sri Lanka by tourists and business people from China," according to a bank statement. Commercial Bank is the first Sri Lankan bank to link its ATMs with UnionPay, enabling Sri Lanka to offer wider acceptance of UnionPay cards, which are accepted in 125 countries and regions besides China.
In late 2011 the Commercial Bank of Ceylon began offering customers the option of transacting in Chinese Yuan for import and export dealings with counterparts in the People's Republic of China, following the inclusion of the 'Renminbi' as one of the Desinated Currencies in Sri Lanka by the Central Bank.
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