News

UnionPay ahead of MasterCard

UnionPay is taking on the credit card titans – surpassing MasterCard and not far behind Visa.

Going places: The Chinese Traveller

China is seen to bring the highest volume of visitors to Singapore, more and more progressively every year.

Aleta Planet recognises that the increase in travellers from and to China offers us all a great opportunity, however, there is a gap in local merchants lacking the systems to receive payments from increasing Chinese consumers – and we have all the solutions for you.

Aleta Planet: Sole Sending Institution in Singapore powered by UnionPay International

Aleta Planet: Sole Sending Institution in Singapore powered by UnionPay International

MoneyExpress is a cross-border remittance service that has been launched by UnionPay International in 45 countries and Aleta Planet is proud to be the only sending institution in Singapore that supports this service.

As a principal member of UnionPay International, we are proud to be able to enable people outside of Mainland China to make cross-border remittance easily and seamlessly to UnionPay cardholders. UnionPay cardholders in Mainland China are able to receive the remitted funds in RMB and are able to make purchases or withdraw the funds – all without having to handle the payment of remittance and foreign exchange settlement.

Dubai retailers beef up Chinese staff, expanding Chinese payment systems like UnionPay to capture lucrative market

China is the fourth biggest source market for travelers into Dubai, with visitors to the Emirate growing 12% annually, according to the Department of Tourism and Commerce Marketing and with that, retailers in Dubai have increasingly accommodating free-spending Chinese shoppers in several ways, beyond simply hiring Mandarin-speaking staff. Mandarin signs, new payment systems, and more bi-lingual shop staff in response to the increasing Chinese travelers into the UAE.

Asia’s most Wealthy Scouting for Bolt-on Businesses in Singapore

South China Morning Post reports that most of the regions’ ultra-wealthy have asked private bankers at UBS to funnel fresh funds into Singapore rather than Hong Kong and that Asian tycoons are now cashed up and scouting for their next big venture in Singapore.

Chinese tourists driving recovery for economies

Although the situation facing the World’s approaching tourist season remains grim in light of the coronavirus pandemic, a recovery will, eventually, happen. When it does, however, some market segments, such as tourism and aviation, might mobilize faster than others driving gradual but definite economic recovery for many countries. Much like Vietnam, due to their early …

Chinese tourists driving recovery for economies Read More »

Virtual accounts: Forget everything you thought you knew

There is no denying that virtual bank accounts (VBAs) are a hot topic among the treasury community today. While you may have heard of VBAs before, their usage is rapidly evolving – and their benefits for treasurers continue to grow.

UnionPay continues to expand its global acceptance footprint

There are 28.5 million merchants outside mainland China accepting UnionPay cards. 4 million of them support UnionPay mobile payment services too, an increase of about 1 million. Users of UnionPay mobile payment services can now enjoy greater payment ease and a wider variety of services