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UnionPay International Announces Launch of Debit Card in Timor-Leste in Partnership with BNCTL
Dili, 20th September 2024 – UnionPay International, a leading global payment network, is pleased to announce the official launch of first UnionPay card issurance in Timor-Leste in partnership with Banco Nacional de Comércio de Timor-Leste (BNCTL). The launch took place during a special event held in Dili, where UnionPay International and BNCTL welcomed the Timor-Leste government, the Central Bank and other dignitaries as well as business communities.
The launch of UnionPay in Timor-Leste marks a significant milestone in the country’s financial landscape, providing customers with access to a world-class payment network that offers convenience, security, and reliability. UnionPay International’s services will enable customers to make payments and transactions with ease, both domestically and internationally.
“BNCTL, a commercial bank dedicated to serving all Timorese individuals, shares UnionPay’s commitment to providing accessible and modern financial services. BNCTL’s vision is to established itself as the foremost commercial bank in Timor-Leste, and its mission is to provide services in both rural and urban areas, ensuring accessibility for all. Through its strategic partnership with UnionPay, BNCTL can work towards fulfilling its vision while executing its mandated mission effectively.” Said Mr. Antonio Victor, the Chairman of the Executive Committee of BNCTL.
Furthermore, BNCTL is progressively modernizing its services to remain competitive and relevant in today’s digital age. By utilizing UnionPay’s product and services, BNCTL is not only enhancing its digital offering but also expanding its reach beyond local boundaries, potentially supporting the government’s tourism sector initiatives on an international scale.
“We are thrilled to see the first UnionPay card issued in Timor-Leste in partnership with BNCTL, and we are grateful for the support of the Timor-Leste government, the Central Bank and all the individuals who have made this possible,” said Jiangtao Jian, General Manager at UnionPay International South Pacific. “We are committed to providing BNCTL with the best possible payment solution and to supporting the financial inclusion program and digital transformation development of Timor-Leste, in alignment with BNCTL’s vision and mission.”
In Timor-Leste, through BNCTL’s extensive network, UnionPay is now accepted at convenient ATM locations and by key merchants, including restaurants, hotels, shops and supermarkets. Based on full local service, UnionPay International has expanded to 183 countries and regions. Now with UnionPay card, cardholders can expect to enjoy the same level of convenience and security worldwide.
