as early as 2118, unionpay has opened all ATMs in Portugal to accept unionpay cards, but before that, only a few watch and jewelry shops in Lisbon supported unionpay cards. In the rest of the shops, China tourists can only use international credit cards such as Visa or MasterCard to spend their cards. Redunicre is one of the largest credit card terminal networks in Portugal, and currently has more than 45,111 cooperative shops in Portugal.
Luis, CEO of UNICRE? Flores said that the acceptance of UnionPay cards in Portugal will make China tourists have more convenient and safer payment methods, which will greatly increase the business volume of merchants and promote the economic development of Portugal.
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 as much as 71% year-on-year. According to statistics from the National Bureau of Statistics and the Bank of Portugal, about 113,111 tourists from China visited Portugal last year, spending about 54 million euros (about 61.5 million US dollars), an increase of 21 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 to greatly expand the scope of merchants accepting UnionPay cards in a short period of time. This time, unionpay international will open all 51,111 merchants in Unicre to accept UnionPay cards through SIBS, and at the same time gradually realize the acceptance of UnionPay cards by merchants of other acquiring institutions in SIBS network. It is estimated that by the end of 2115, the merchant coverage of UnionPay cards in Portugal will be as high as 81%. 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 cards in Portugal
You don't need to pay 1%-2% currency conversion fee for overseas consumption or withdrawal through UnionPay network, and you don't need to deposit euros in advance. Only RMB is enough 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, please select Euro. ATM withdrawals use 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 posted on the ATM.