Tips for immigration to Portugal with a card

Unionpay international recently announced that it has reached cooperation with UNICRE, Portugal's largest credit card issuing and acquiring institution, and SIBS, the only local bank card transaction processing institution, to rapidly increase the proportion of merchants accepting UnionPay cards in Portugal to 80% during the year, so as to better provide convenience for tourists visiting Portugal and China. From July this year, tourists from China will be able to use China UnionPay card to spend money in any Portuguese shops, hotels and restaurants with red unicre payment terminals. As early as 2008, UnionPay opened all ATMs in Portugal to accept UnionPay cards, but before that, only a few watch and jewelry stores in Lisbon supported UnionPay card consumption. In other stores, China tourists can only use international credit cards such as Visa or MasterCard. Redunicre is one of the largest credit card terminal networks in Portugal, and currently has more than 45,000 cooperative stores in Portugal.

Louis, CEO of UNICRE? Flores said that Portugal's acceptance of UnionPay cards will make China tourists have more convenient and safer payment methods, which will greatly increase the business volume of merchants and promote Portugal's economic development.

Portugal is becoming a global tourist destination? New favorite? . According to the tourism competitiveness report recently released by the World Economic Forum, Portugal ranks among the top ten most competitive countries in Europe for the first time and is rated as the tenth largest safe destination in the world. Last year, the number of tourists to Portugal and China increased by 70% year-on-year. According to statistics from the National Bureau of Statistics of Portugal and the Bank of Portugal, about113,000 China tourists visited Portugal last year, spending about 54 million euros (about 61500,000 US dollars), an increase of 20 million euros (about 22.78 million US dollars) over the previous year.

Against the background that Portugal is increasingly favored by tourists, unionpay international has accelerated its cooperation with local mainstream institutions and greatly expanded the scope of merchants accepting UnionPay cards in a short time. This time, unionpay international will open all 50,000 Unicre merchants to accept UnionPay cards through SIBS, and at the same time gradually realize that other acquirers in the SIBS network will accept UnionPay cards. It is estimated that by the end of 20 15, the merchant coverage of UnionPay cards in Portugal will reach 80%. UnionPay cards can be used not only in department stores and airport duty-free shops, but also in hotels, restaurants and other daily consumption places, bringing more convenient payment services to tourists and business people.

Tips for using credit cards in Portugal

You don't need to pay the currency conversion fee of 1%-2% or pre-deposit the euro when you withdraw money in consumption abroad through UnionPay network, and you only need RMB in your account. When spending by credit card, the transaction amount will be directly converted into RMB at the official exchange rate of the day, and then the issuing bank will deduct your RMB account. If the card reader displays the currency for you to choose from, please select Euro. ATM withdrawals are made with UnionPay debit cards, and the handling fee is low.

At present, all ATMs in Portugal can use UnionPay cards to withdraw euros, and the balance inquiry function is not supported for the time being. UnionPay IC card can withdraw cash through SIBS ATM, and SIBS and UnionPay logo are affixed to ATM.