Magazines Archives - 2012 January

China UnionPay and Ion Orchard to offer more payment services to shoppers
Story 9 - Retail Technology

SINGAPORE’S mega-mall Ion Orchard and payments provider China UnionPay have collaborated to extend more payment options to shoppers on its premises, along with a range of incentives and offers that are slated to “benefit both cardmembers and merchants” at the mall.

According to Orchard Turn Developments, a joint venture between Singapore’s CapitaLand Limited and Hong Kong’s Sun Hung Kai Properties, the partnership will provide four million monthly visitors with an additional cashless payment platform and enable tenants in the mall to reach out to more than 2.7 billion UnionPay cardmembers.

Said Yang Wenhui, chief representative for South-east Asia at China UnionPay: “China UnionPay sees a lot of common values and tremendous growth potential in this partnership. Ion Orchard is the perfect embodiment of modernity and luxury, which many modern Asians aspire towards … This is an opportunity to deepen [our] presence in Singapore through this special mall partnership.”

Additionally, the deal would also see the launch of the first cardmember lounge at the mall, available to Platinum Cardholders, where shoppers can enjoy refreshments and Internet access, as well as information and other services for tourists.

Orchard Turn’s CEO, Soon Su Lin, also stated that the deal would give the company a “strategic foothold with one of the fastest-growing visitor segments in Singapore”.

“Through the exclusive benefits on offer to cardmembers, UnionPay Platinum Cardmembers will have even more incentive to make Ion Orchard their preferred shopping destination. We are also proud to be the first location in South-east Asia that will feature a dedicated China UnionPay member lounge and we look forward to rolling out more benefits in conjunction with China UnionPay in the future,” she added.

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