AirPlus International and China Merchants Bank (CMB), the largest credit card issuing bank in China, have signed a corporate agreement to offer a new corporate card.

The corporate card provides businesses with both local Chinese and international data that is required for comprehensive analyses of their travel-related expenses. With this consolidated data, customers can greatly improve the efficiency of their business travel management, saving time and achieving the target of tangible cost reduction.

The agreement illustrates both parties commitment to making the settlement of business travel expenses as convenient as possible; corporate customers will be given the opportunity to use a unique payment solution that helps them manage their corporate travel spend with greater efficiency.

The launch of this partnership represents an industry first with the largest dual-currency credit card issuing bank in mainland China.
 
Businesses will have access to all data generated by this new payment solution, including flight, hotel and car rental data.

This corporate card is based on the CMB Gold Card and carries enhanced functionalities. Billing and settlement currencies are both the Chinese Yuan (CNY/RMB) and the U.S. Dollar (USD) - local transactions are billed and settled in CNY/RMB, international transactions are billed in USD, and can be settled either in CNY/RMB or USD. The corporate card can be used to access funds at ATMs within China as well as abroad.

Additionally, China Merchants Bank will offer a customer loyalty program, tailored specifically to the needs of the business traveler.

Source:佚名