TORONTO , Sept. 17, 2012 /CNW/ - In a symbolic signing ceremony today, Bank of China ( Canada ) and MasterCard Canada announced a new agreement that will see the Bank of China ( Canada ) offer its first credit card in Canada as it expands its personal banking and card services.

"Extending our product line-up is an important milestone in building our personal banking service offering," said Heng Wang, Senior Vice President Bank of China ( Canada ). "We take enormous pride in working with companies that share our values and respect for our customers, and we look forward to a hugely successful relationship with MasterCard and other business partners."

The new Bank of China ( Canada ) MasterCard credit card will complement the bank's other personal banking services, including chequing and savings accounts, personal lines of credit, and mortgage services. In providing personal banking services, the Bank of China ( Canada )'s customer service representatives effectively communicate with its customers in multiple languages and dialects, such as in English, Mandarin, and Cantonese.

"This partnership with the Bank of China ( Canada ) is a great example of working with our customers to deliver flexible credit card solutions that will meet unique customer needs," said Betty DeVita, President, MasterCard Canada . "Together, MasterCard and its customers continue to bring MasterCard's safe, simple and smart payment technologies to diverse consumers and businesses."

About Bank of China ( Canada ) Bank of China ( Canada ), http://www.bankofchina.ca, is a wholly owned subsidiary of Bank of China Limited, was incorporated in Canada on September 8, 1992 and officially started its operation on May 18, 1993 . The Bank offers all kinds of retail and commercial banking services, such as deposit, loan, remittance, trade finance, foreign exchange, and Canadian dollar clearing. The Bank's Head Office is located at 50 Minthorn Blvd, Markham Ontario. At status quo the Bank has9 branches ( Toronto downtown branch, Toronto Scarborough branch, TorontoMarkham branch, Toronto North York branch, Toronto Mississauga branch, Calgary branch, Vancouver branch, Vancouver Richmond branch and Vancouver Burnaby branch), and hires more than 200 employees. Bank of China ( Canada ) offers the best RMB banking services in Canada . The Bank's mandate is to promote the development of economic and trade relations between Canada and China , serve over one million Chinese in Canada , and contribute to economic growth of both countries.

About MasterCard MasterCard NYSE: MA, http://www.mastercard.com, is a global payments and technology company. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

For more information, visit MasterCard Canada's Facebook page or follow @MasterCardCa on Twitter.

SOURCE: MasterCard Canada

Originally posted here:
Bank of China (Canada) Selects MasterCard to expand Personal Banking and Card Services