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Duty Free, UnionPay ink MOA for customer rewards 

November 29, 2019, 1:27 pm

MANILA -- Duty Free Philippines Corporation (DFPC) signed a memorandum of agreement with UnionPay, a global payment brand, to officially launch a new rewards program featuring special discounts at all DFPC stores nationwide.

The signing, held on November 27, were led by DFPC Chief Operating Officer Vicente Pelagio Angala and Wenhui Yang, General Manager for UnionPay International Southeast Asia.

Under the terms, all UnionPay Credit, Debit, and Prepaid Cards issued outside the Philippines will be entitled to rewards which include USD50 off for every single receipt of USD300 and above; USD6 off for a single-time purchase of USD200 to USD299.99; USD2 off for a single-time purchase of USD100 to USD199.99; and USD1 off for a single-time purchase of less than USD100.

The promotion will run until February 15, 2020.

“As China becomes the biggest contributor to world tourism, accounting for 10 percent of the total global tourists, we sincerely welcome and acknowledge this memorandum as a significant step forward," Angala said.

“Duty Free Philippines shops have become a must-see destination for tourists 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.

Yang also welcomed the partnership. "We at UnionPay are constantly looking at ways to enhance Cardholders’ payment experience by providing greater convenience, payment security and exclusive privileges," he said.

“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 percent 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 showed about 1.36 million Chinese visited the Philippines in the first nine months of 2019. (PR)

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