KTC launches KTC UNIONPAY credit cards covering all segments as the top choice for all transactions in Mainland China, Hong Kong, Macau and Taiwan.

Stocks and Financial Services Press Releases Friday June 28, 2019 15:31
Bangkok--28 Jun--FleishmanHillard

KTC joins with UnionPay in offering unforgettable experiences for every transactions in Mainland China, Hong Kong, Macau,Taiwan, Europe and across the world through the launch of the first ever "KTC UNIONPAY" Credit Cards in the form of three card types: Platinum, Diamond and Asia Prestige Diamond. Cardmembers can enjoy a wide array of special privileges of up to 3x KTC FOREVER points and convenience of contactless payment at UnionPay merchant network across the globe. The cards come with easy application and no membership fee. KTC expects over 100,000 Cardmembers by the end of the year.

Mr. Rathian Srimongkol, President & Chief Executive Officer, "KTC" or Krungthai Card Public Company Limited, states, "KTC upholds a business practice that emphasizes the importance of Customer Experience as a priority. In the past year there have been at least 100,000 KTC credit card members who have made transactions in Mainland China, Hong Kong, Macau and Taiwan and there is a tendency for this to grow continuously. Simultaneously, KTC is also aware of the inconveniences that comes with credit card payments in Greater China. This leads to the partnership between KTC and UnionPay, a leading global payment brand, in the launch of KTC UNIONPAY Credit Cards to create impressive customer experiences for KTC cardmembers who travel in the four countries mentioned above, Europe and across the world. There will be three credit card types including KTC UNIONPAY PLATINUM (for those with an income of Bt. 15,000 or more), KTC UNIONPAY DIAMOND (for those with an income of Bt. 50,000 or more), and KTC UNIONPAY ASIA PRESTIGE DIAMOND (by invitation only). Each of the three credit cards faces features its own unique design, based on the graceful universal Chinese elements."

KTC UNIONPAY Cardmembers can earn up to 3x KTC FOREVER points privileges as follows:
1. Earn 2x KTC FOREVER points when making transactions in local currencies (CNY/HKD/MOP/TWD) using KTC UNIONPAY PLATINUM cards in Mainland China, Hong Kong, Macau and Taiwan.
2. Earn 2x KTC FOREVER points when making transactions in foreign currencies using KTC UNIONPAY DIAMOND cards across the globe.

3. Earn 2x KTC FOREVER points when making transactions in foreign currencies using KTC UNIONPAY ASIA PRESTIGE DIAMOND cards across the globe and earn up to 3x KTC FOREVER points when spending every Bt. 600,000 in Thailand in the Restaurant, Shopping and/or Travel categories.

KTC UNIONPAY Credit Cardmembers can also enjoy special privileges when spending in the Restaurant, Shopping and/or Travel categories in Greater China and across the world as well as experience wide-ranging benefits inThailand, including:

  • CNY 100 discounts off purchases of CNY 500 or more per sales slip at participating restaurants in Mainland China such as Jade Garden and EILEEN from June 1, 2019 to November 20, 2019.
  • up to EUR 35 discounts off purchases of EUR 1,500 or more at Benlux Tax Free Shop, France, from July 1, 2019 to October 13, 2019, and receive Luxury Wallets for discounts and privilege at The Mall Luxury, Italy, from June 1, 2019 to March 20, 2020.
  • Discounts and special privileges from over 100 renowned restaurants in Thailand, such as ZEN Japanese Restaurant from June 1, 2019 to September 30, 2019 / Maisen / S&P and Vanilla Restaurant from July 1, 2019 to November 30, 2019.
  • Bt. 100 cash vouchers for purchases of items of Bt. 600 or more per sales slip at Gourmet Market / Home Fresh Mart / MaxValu and Villa Market from June 1, 2019 to December 31, 2019.
  • Bt. 80 discounts for Grab services when using Bt.150 and up / sales slip from June 1, 2019 to September 15, 2019 and Bt. 100 discounts off purchases of BTS Skytrain single journey / top-up cards when using Bt. 300 and up / sales slip from June 1, 2019 to November 30, 2019.

"Moreover, these UNIONPAY Credit Cards come with secure and convenient QuickPass contactless payments, an advancement in Thailand's credit card industry. KTC is confident that the Credit Card offerings will be able to respond to the lifestyle of Cardmembers who love to travel in Greater China and support modern payment method. KTC expectsover 100,000 Cardmembers by the end of 2019."

Mr. Wenhui Yang, General Manager, UnionPay International Southeast Asia, said, "Thailand is the key market for UnionPay. We are committed to providing more benefits and value for our customers with exciting marketing offers, sponsorship activities, and product developments. The partnership with KTC is a significant milestone for UnionPay as it marks the first time UnionPay launched three types of Credit Cards at one go in Thailand. Moreover, products support the most comprehensive payment methods, from online payment to contactless. We hope to deepen our relationship with the broader segments of Thai consumers by providing products and services that resonate with various lifestyle needs."

"I am also very exicted about our two most premium Cards in Thaialnd, the first Asia Prestige Diamond Card and the first Diamond Card, which will provide the well-heeled consumers with unparalleled benefits. Cardmembers can enjoy over 1,000 UnionPay offers at any point in time both within Thailand and abroad, including the U Collection which offers discounts for global luxury experiences from privileges across five-star hotels, luxury boutiques, and Michelin Star restaurants. These Credit Cards will also enable Thai consumers to make quick, convenient and secure transactions at over 55 million UnionPay merchants and about three million ATMs in 174 countries and regions worldwide."

"UnionPay is committed to delivering innovative payment solutions and collaborating with alliances with local market expertise. We believe that this partnership will be another important driving force in expanding the Credit Cardmember base and increasing spendings in Thailand."

For more information, please contact KTC PHONE 02 123 5000 or visit www.ktc.co.th, apply for a credit card at any "KTC TOUCH" branches or click link: http://bit.ly/2FjfA5u. #UnlimitedBlissful with KTC Card

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