FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]
Old Nov 22, 2014 | 1:12 am
  #1359  
zyxlsy
 
Join Date: Feb 2013
Location: Irvine CA & PEK
Programs: Hyatt Globalist, Marriott Titanium, Hilton Diamond, IHG Spire Ambassador, Qantas Platinum, United S
Posts: 664
All my knowledge about UnionPay is about RMB UnionPay cards.

The RMB UnionPay system is something like a closed system that everything charged is converted to RMB using UnionPay's own rate. It doesn't charge extra fees, but the rate includes the pay for the work (artificial but somewhat competitive rate).

I understand UnionPay is invading the rest of the world (like every other Chinese forces), but I don't have any idea how it's gonna build a multi-currency based system out of the current mostly RMB based system.
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