|ATM Alliance with China UnionPay(1/1)
Sumitomo Mitsui Financial Group, Inc.
Sumitomo Mitsui Banking Corporation
TOKYO, December 19, 2005 – Sumitomo Mitsui Banking
Corporation (SMBC, President: Masayuki Oku) announced today that it has reached
an understanding with China UnionPay Co., Ltd.
(CUP, CEO & President: Wan Jian Hua) on the basic framework for allowing
Chinese visitors to Japan to use credit cards and cash cards stamped with the
CUP logo issued by Chinese banks (“CUP cards”) to withdraw cash and check
account balance at SMBC’s ATMs within next year. Further dialogues will be held
between the parties to set the specifics of the ATM alliance.
The aim of the alliance is to provide highly
convenient settlement services to visitors from China and SMBC regards the
alliance to be a significant step in the private sector initiative to support
and promote the “Visit Japan Campaign”
a public-private campaign to promote inbound tourism.
Meanwhile, Sumitomo Mitsui Card Company, Limited
(Head office in Minatoku,
Sumitomo Mitsui Financial Group and its group companies
intend to continue to proactively collaborate with CUP in a wide range of