Australia Post and Bank of China join forces to launch new travel card

Are you jet-setting to China soon? If you answered “yes” then you may be interested in Australia Post’s new UnionPay Prepaid Travel card designed to make things simpler for Chinese and Aussie consumers and businesses to make and receive payments.

With more than 400,000 Australians expected to travel to China in 2015, Australia Post's CEO Ahmed Fahour said the new travel card enables Australians to purchase and preload their travel card with dual currencies - Chinese Yuan (CNY) and Australia Dollars (AUD).

"This is just another example of how we're extending our range of trusted services to respond to the changing needs of customers, both in our physical and digital networks,” he said.

The new prepaid travel card by Australia Post, UnionPay International and Bank of China will be available for purchase at over 3,300 Post Offices from December 2014 and can be used to access cash and make payments in China and around the world.  

Bank of China Chairman Tian Guoli said the introduction of the multi-currency travel card is one of the outstanding results produced in the wake of the Australia-China strategic partnership.

"Bank of China will draw on its outstanding business expertise and superiority to assist the Travel Prepaid Card to stimulate and drive the exchange of personnel between our two countries."