On August 19, the Postal Savings Bank of China (hereinafter referred to as PSBC) joined hands with China UnionPay and Wuyue Plaza to hold a press conference on the theme of “Meet people’s needs, awaken consumption potential” in Taizhou, Zhejiang province, aiming to jointly foster a “One City, One Mall” service matrix. They will launch multiple offers for credit card spending to spur the continuous release of the potential and vitality of consumption.

In order to implement the relevant plans and requirements of the country for restoring and expanding consumption, PSBC, in collaboration with various parties, has made constant efforts to innovate consumption scenarios, help unleash consumption potential, and thereby further promote cross-sectoral collaboration. China UnionPay and Wuyue Plaza are the first partners of PSBC in fostering the “One City, One Mall” credit card service matrix. From present to December 31, 2023, the three parties will launch regular promotional activities, where consumers can enjoy relevant special offers in 96 Wuyue Plazas nationwide through the PSBC Credit Card app and UnionPay QuickPass app.

In addition, PSBC also collaborates with brands such as Yonghui Supermarket, RT-Mart, Watsons, MINISO as well as more than 130,000 preferential merchants nationwide to launch the “Save money with your PSBC credit card” promotional activities. Starting from September, PSBC will work with Wanda Plaza to further expand the “One City, One Mall” service matrix. By that time, PSBC credit card promotions will cover approximately 700 urban complexes across the country, allowing more consumers to enjoy special offers and convenience.

In recent years, PSBC has always adhered to the customer-centric approach, vigorously developed its credit card business, and accelerated digital transition. It has been committed to consumer finance and explored differentiated development so as to build a comprehensive and integrated financial service ecosystem. As of the end of June, PSBC had over 43 million credit cards in circulation and over 36 million card users.