China UnionPay actively responds to industry associations’ initiative to reduce ATM inter-bank cash withdrawal network service fees for member institutions_clearing

Original title: China UnionPay actively responds to industry associations’ initiative to reduce ATM inter-bank cash withdrawal network service fees for member institutions

In order to implement the State Council’s decision and deployment of further promoting financial institutions to reduce fees for the benefit of enterprises and people, China UnionPay actively responded to the “Regarding the Reduction of Cross-bank Cash Withdrawal Fees for Automatic Teller Machines (ATM)” jointly issued by the China Banking Association and China Payment and Settlement Association The Proposal”, starting from July 25, 2021, will reduce the ATM inter-bank cash withdrawal network service fees for member institutions, and effectively reduce the operating costs of member institutions.

As a bank card transfer and clearing institution, since its establishment, under the guidance of the People’s Bank of China, China UnionPay has continuously expanded and optimized the domestic and foreign UnionPay card ATM inter-bank cash withdrawal acceptance network under the guidance of the People’s Bank of China to provide commercial banks with efficient ATM cash withdrawal and inter-bank transfer Receiving and clearing services provide UnionPay cardholders with convenient, safe and stable inter-bank cash withdrawal services. In the future, UnionPay will continue to adhere to the original aspiration of “pay for the people”, and work with member institutions to provide high-quality ATM inter-bank cash withdrawal services for cardholders.

China UnionPay has always been actively practicing the concept of “payment for the people”, and strictly implementing the decisions and deployments of the State Council and regulatory authorities on reducing fees and concessions to help the development of the real economy.After the outbreak of the epidemic last year, China UnionPay and its member institutions took various measures to reduce or exempt the transaction fees for cash withdrawals in Hubei as soon as possible. The “Rejuvenating Engine” program was launched to help businesses benefit the people, and more than 80 million copies were distributed in more than 230 cities across the country. Consumer vouchers help 350,000 merchants survive difficult times; in June 2021, China UnionPay launched the “Helping Business and People-Prosperous Plan”, calling on member institutions to carry out UnionPay QR code business special activities, focusing on coverageReturn to Sohu to see more