Recently, BOC, in collaboration with Visa, launched the Great Wall all-currency international chip card, which is the first of its kind in China that adopts EMV international safety standards and offers exemption on currency exchange fee. The adoption of this technology shows that trans-border payment has stepped into a new stage in the Chip Era.
The Great Wall all-currency chip card, while ensuring the card holders use the card conveniently in overseas countries and regions, can also widely reduce the risk of counterfeit or theft. While satisfying the needs of transactions in all currencies, also eliminates the currency exchange fee between transactions. Furthermore, the card can settle all transactions with RMB currency, which ensures all card holders, who do not have a USD account, can pay back with RMB after coming back to China for all consumptions in any overseas country or region.
The newly-launched Great Wall all-currency international chip cards include the Platinum Card and Gold Card. BOC and Visa, in collaboration with 120 famous duty-free shops around the world, provide 5% cash refund for consumers paying with Platinum Card.
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