Collections

Card Collection / POS System

Accept CUP debit and credit cards as payment with our free POS system

Provide your customers the added convenience while reducing the risk and cost of handling cash with DBS Card Collection / POS System services, which is designed specifically for your business to enable your customers to pay in CNY at the time of purchase. We offer POS machine that is secure and accept both China Union Pay (CUP) debit and credit cards on a real-time basis.

 

Why choose DBS Card Collection / POS System?

  • Trust in our reputation. We are one of the few foreign banks to acquire the license of accepting the use of RMB card across China. We have also partnered with Union Pay Merchant Services (UMS) to offer a full scope of services to cater to all your business needs
  • Lower your administrative costs as our machines and terminals are free-of-charge and there are no setup or maintenance fees. We also provide free installation, user training guides, transaction reports and machine maintenance
  • Stay informed with IDEAL™ eReports. We notify you when the funds have been credited to your account. Funds are cleared and made available the next working day
  • Gain better insight over your incoming funds and improve your reconciliation process with comprehensive daily status reports available via IDEAL™, our online banking platform

FAQs

What type of cards are accepted?

We accept both China Union Pay (CUP) debit and credit cards.

What is the cut-off time for POS?

The daily cut-off time is 11pm.

When will the funds be credited into my account?

DBS China can credit the funds into your DBS account by the next working day.

Can I apply for these services from any DBS branch in China?

Yes, if your business is based inlocated in the cities with DBS branches, you can apply for our services for Card Collection and POS System with the DBS branch. If your business is located in the cities without DBS branches, we can also help you to contact with our partner UMS to provide Card Collection service.

Awards

Awards we have won recently
Best Cash Management Solution, China

Best Cash Management Solution, China

2015
Best Bank for Treasury and Cash Management (Foreign)

Best Bank for Treasury and Cash Management (Foreign)

2015
Best SME Financing/Cash (Highly Commended)

Best SME Financing/Cash (Highly Commended)

2015
Best Card Solution – Chongqing Grain Group Co

Best Card Solution – Chongqing Grain Group Co

2015
View All

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

We will require the following information during your application:

  • Fixed Premises for Operation
  • Legal Scope of Business
  • DBS China Account details
  • Telephone Land Line number
  • Valid Business License
  • Tax Registration Certification
  • Organisation Code Certification
Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881