XIAMEN, March 24 -- A bank in east China's Fujian Province has issued the first cross-Strait debit card, in association with a Taiwan duty-free shop chain.
The debit card was unveiled on Wednesday at Xiamen Bank, a mainland bank with Taiwanese investment.
The card can be used in Taiwan with preferential treatment in duty-free outlets affiliated with Ever Rich D.F.S Corp., the bank's partner. Card holders can withdraw money from all ATMs in Taiwan without commission and are entitled to various business services.
More than 3.4 million trips were made from the mainland to Taiwan in 2015. Duty-free shops in Taiwan are among the most popular destinations.
Xiamen Bank was founded in 1996. In 2008, it became the first commercial bank on the mainland to draw Taiwanese capital, with Fubon Bank (Hong Kong) Ltd. as a strategic investor.