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DBS, UnionPay promo seeks to boost China-Singapore financial ties
Platinum debit cardholders to enjoy fee waiver, cashback, other perks for cross-border payments
The Asset   17 Nov 2025

In an effort to further enhance China-Singapore financial connectivity, DBS has partnered with UnionPay International ( UPI ) to allow DBS UnionPay Platinum debit cardholders to enjoy a smarter, safer, and more efficient cross-border payment experience.

From now until March 31 2026, DBS UnionPay Platinum debit cardholders can enjoy up to 8% cashback and a 3% waiver on transaction fees when spending in China, offering a total benefit of up to 11%.

The programme is designed to support the growing economic and people-to-people exchanges between China and Singapore, providing consumers with a more convenient and rewarding payment experience, UnionPay says.

Leveraging UnionPay's extensive global network of merchants, DBS UnionPay Platinum debit cardholders can enjoy seamless spending not only in China but also across Belt and Road countries.

In addition, the UnionPay "Global Privileges" programme offers benefits such as complimentary hotel upgrades, dining discounts, and leisure privileges.

To meet the growing demand for mobile payments in China and promote collaborative development in digital finance, users can simply link their DBS UnionPay Platinum debit card to Alipay or WeChat Pay to enjoy a 3% waiver on transaction fees for single transactions above 200 yuan ( US$28.15 ). Cardholders can also enjoy zero overseas ATM withdrawal fees, saving up to S$7 ( US$5.38 ) per transaction.

These privileges further reduce the cost of cross-border mobile payments and strengthen China-Singapore cooperation in digital finance innovation and integration, UnionPay says.