November 18, 2024

Balikbayan Magazine

The Global Business, Investment, & Travel Briefing for the Global Filipino Community

Duty Free Philippines, UnionPay sign agreement to offer more benefits to customers

Balikbayan Media Center06 mins

Manila, Philippines – Duty Free Philippines Corporation (DFPC) signed a Memorandum of Agreement (MoA) with UnionPay, a global payment brand, to officially launch a new rewards program featuring special discounts at all DFPC stores nationwide.

DFPC Chief Operating Officer Vicente Pelagio A. Angala and General Manager for UnionPay International Southeast Asia Mr Wenhui Yang acted as signatories to the MOA which was signed at the Duty Free Luxe in Pasay City.
Under the terms, all UnionPay Credit, Debit, and Prepaid Cards issued outside the Philippines will be entitled to rewards which include USD 50 off for every single receipt of USD 300 and above; USD 6 off for a single-time purchase of USD 200 to USD 299.99; USD 2 off for a single-time purchase of USD 100 to USD 199.99; and USD 1 off for a single-time purchase of less than USD 100.
The promotion will run until February 15, 2020.
(L-R) DFPC Deputy COO Bernardine Belmonte, DFPC COO Vicente Pelagio A. Angala, General Manager for UnionPay International Southeast Asia Mr Wenhui Yang, Country General Manager Zhang Qing.

 

“As China becomes the biggest contributor to world tourism, we sincerely welcome and acknowledge this memorandum as a significant step forward,” said DFPC COO Angala.
“Duty Free Philippines shops have become a must-see destination for tourist during their travel and as we target to increase our market share, we make sure that we keep up with the trends in this fast-paced market to meet the needs of our customers,” he added. 
Mr Wenhui Yang said “We are delighted to be partnering Duty Free Philippines once again to offer UnionPay Cardholders one of the most attractive discounts at DFP stores nationwide. We at UnionPay are constantly looking at ways to enhance Cardholders’ payment experience by providing greater convenience, payment security and exclusive privileges.”
“UnionPay now serves the world’s largest Cardholder base of over 8 billion Cards worldwide and spending from Chinese tourists in the Philippines jumped 71% for the first 10 months in 2019, comparing the same period last year. I am optimistic that this partnership will spur spending especially during the year end peak travel season,” he added.

Data from the Department of Tourism (DOT) showed about 1.36 million Chinese has visited the Philippines in the first nine months of 2019.

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About Duty Free Philippines Corporation
Duty Free Philippines Corporation is the Philippines’ sole operator of the duty-and tax-free merchandising system and is mandated to satisfy the duty-free shopping needs of international travelers and Overseas Filipino Workers (OFWs). As a Government Corporation, DFPC is a vital component of the Philippine Department of Tourism as it contributes to the efforts in the development of the country’s tourism infrastructure, programs, and projects through its revenue remittances.

About UnionPay International
UnionPay International (UPI) focuses on the international business of UnionPay, a global payment network that serves the world’s largest Cardholder base. With over 8 billion UnionPay Cards issued in 58 countries and regions, over 56 million merchants and 2.8 million ATMs accepting our Cards in 177 countries and regions, UnionPay is one of the fastest-growing payment networks in the world. As a company with a global acceptance network and a wide range of world-class payment services, UnionPay is committed to providing access to value and secure payment solutions that are tailored to the needs of the local market, to enable choice and ease of payment for consumers and businesses alike.In Southeast Asia, UPI has enabled ATM, POS acceptance and Card issuance across all 10 countries. In Philippines, UnionPay Prepaid, Debit and Credit Cards are issued by BDO, BOC, Omnipay, PNB and RCBC Bankard.

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