BEIJING - China's bankcard association, China UnionPay, announced Thursday it has signed an agreement with Citibank to accept UnionPay cards in seven Asian nations.

According to the agreement, Citibank will accept UnionPay cards in Singapore, Malaysia, Thailand, Indonesia, the Philippines, Myanmar and India.

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Also, Citibank will open its online service to UnionPay card holders.

China UnionPay said the move will expand its business to more Asian countries and further deepen its global strategic cooperation with Citibank.

Citibank started to handle UnionPay cards in 2005, and now the bank accepts UnionPay cards in 34 countries and regions home and abroad.