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    中国国际电视台(CGTN):UAE and China talking finances for BRI projects
    2018-06-06


      中国国际电视台(CGTN)昨日发布视频报道,称阿联酋与中国正在“一带一路”倡议大背景下深化金融领域交流与合作,并以银联为例,介绍两国在支付产业的合作。

      报道采用此前上海外语频道ICS采访王总内容,介绍不仅到访阿联酋的持卡人可以用银联芯片卡或手机一“挥”即付,当地也已发行超过5万张银联芯片卡,当地持卡人可以享受银联移动支付服务。报道还介绍了目前阿联酋几乎所有商户和ATM均可使用银联卡;2017年在当地推出银联手机闪付服务等业务情况。

      报道原文:

    UAE and China talking finances for BRI projects


    The Abu Dhabi Global Market has launched its first overseas representative office in Beijing, which will work on regulatory collaborations and initiating new projects and joint activities to generate more cross-border commerce. 

    Actually, friendship between China and the United Arab Emirates has begun earlier than the establishment of the representative office. The UAE is China's top investment destination in this region and China is the UAE's biggest trade partner. 

    “Speaking of 2016, China has overcome India in terms of the UAE's largest trade partner,” said Rashed Alqemzi, Consul General of the UAE in Shanghai. Alqemzi also said there is huge potential to increase trade in key sectors such as trade, tourism, retail, logistics, renewable energy, high tech, and real estate.

    With the launch of the Belt and Road Initiative in 2013, the UAE's location and robust economic policy fits well into China's growth path and plans. The Shanghai Stock Exchange agreed to a deal in principle with the Abu Dhabi Global Market in April. The partners signed a memorandum of understanding to develop a stock exchange in Abu Dhabi to support businesses and investors involved in Belt and Road projects. 

    “We used to have the US dollars between our currencies. Nowadays, we can do a direct exchange between the Dirham and RMB.” Rashed Alqemzi said.

    In 2017, UnionPay International and the oldest privately owned lender in the United Arab Emirates, Mashreq Bank, announced a deal to bring QuickPass payment service to the UAE for the first time. UnionPay cards have been accepted for payment in the UAE since 2009, and now most merchants and ATMs in the country accept UnionPay cards. 

    “On the one hand, UnionPay cardholders visiting the country can pay by tapping their UnionPay chip cards or mobile phones. On the other, the local customers may enjoy this safe and convenient mobile payment too, since over 50,000 UnionPay chip cards have been issued there and all these cards support contactless payment function,” said Larry Wang, Vice President of UnionPay International.

    Meanwhile, the UAE is gearing up to host the 2020 World Expo, becoming the first country in the Middle East to host the event. The theme of the 2020 World Expo is Connecting Minds, Creating the Future.

    Abu Dhabi authorities said the number of visitors is expected to reach 600,000 in 2021. Chinese passport holders have been able to visit the UAE without a visa since January.

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