Friday, July 29, 2011

Nearly one million China nationals living in Singapore?

A netizen got the shock of his life when he received his notice from NETS that his application for NETS Value-Added service UnionPay has been approved.

UnionPay is an association for China’s banking card industry, operating under the approval of the People’s Bank of China (PBOC, central bank of China) and is the only approved domestic bank card association in China.

According to the reply from UnionPay, it is the ‘preferred mode of payment for the nearly 1 million Chinese nationals living and working/studying in Singapore’: More...

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