Covering 103000 square kilometers, the Republic of Iceland is located in the middle of North Atlantic Ocean, close to the Arctic Circle. It’s the second largest island in Europe with the coastline stretching about 4970 kilometers. The weather in Iceland is not as chilly as its name indicates. Impacted by the warm current of Mexico gulf, the weather in Iceland is warmer than other places at the same latitude. The average temperature in winter is about 1 degree and barely exceeds 20 degrees in summer. The sunshine time in Iceland is long in summer and short in winter. Polar lights appear in autumn and the early winter, and there are many volcanoes, terrestrial heat fountains and hot springs. Iceland has over 100 volcanoes, including more than 20 active volcanoes. Hvannadalshnúkur volcano is the highest mountain in Iceland, 2119 meters above the sea level.
Iceland has pure and clean natural environment as well as many amazing natural landscapes, such as the glacier, hot springs, intermittent springs, active volcanoes, ice cap, tundra, ice fields, snow-topped peaks, volcanic hungriness, waterfalls and volcanic vents. According to the ranking of Human Development Index issued by the United Nations Development Program, Iceland is rated as the most livable nation and region in the world.
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UnionPay service opening time September 2010
Local UnionPay service hotline No
Using the Card in POS Terminals
Application Range
Merchants with the t UnionPay logo all accept UnionPay cards. Some merchants may not have put up the logo, but cardholders can show their UnionPay cards and inquire of the cashier whether or not they are accepted.
Merchant Characteristics
Currently, only merchants such as unattended gas stations and vending machines could accept UnionPay cards. With the process of market developing in Iceland, there will be more merchants opening the business of accepting UnionPay cards in 2011.
Accepted Cards
Bank cards with the UnionPay logo.
Reminder: Due to the purchase limits for credit card consumption, it is recommended to use UnionPay debit cards for large luxury related transactions, as they are subject only to the limit of the balance of the card.(except for the consumption limit set by individuals).
Relevant Charges
Cardholders don’t need to pay commission charges for consuming through the UnionPay network.
When consuming through the UnionPay network, compared with other bankcard networks, the currency exchange charge of 1%-2% will be exempted. The amount consumed in local current will be directly converted into RMB amount to deduct from the holder’s RMB account by the cardholders’ issuing banks.
Other information
ATM CASH WITHDRAWAL
Application Range
Currently, all ATMs in Iceland accept cash withdrawal with UnionPay cards.
UnionPay cards cannot perform over-the-counter transfer and cash withdrawal abroad.
Accepted Cards
All bank cards with the UnionPay logo.
How to Identify ATMs That Accept UnionPay Cards?
Chinese Interface
All ATM machines in Iceland will be loaded with Chinese operation interface by the end of 2010.
Cash Withdrawal Procedure
Charge and Limit on Withdrawal
For ATM cash withdrawals with UnionPay cards while abroad, follow the stipulations set by relevant state authorities: The daily accumulative withdrawal amount of foreign currency per UnionPay debit card shall not exceed the equivalent of RMB 10,000. Please consult the issuing bank for the daily cash withdrawal limits of the UnionPay credit card.
Certain amount of commission fee will be charged by the issuing bank for cash withdrawal while abroad. Please consult the issuing bank for more details on specific rates, the times of cash withdrawal each day with a single card, withdrawal limit per time, accumulative cash withdrawal limit, etc.
Compared to other bankcard networks, the 1%-2% currency conversion fee is exempted when withdrawing cash via the UnionPay network. UnionPay will convert the amount of local currency withdrawn into that of RMB, and the bank will deduct that amount from the cardholder’s RMB account accordingly.
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