A different way to pay

Different countries, different customs. When you travel abroad you find many unusual payment systems. Here are some interesting examples, from parallel currencies to cashless countries.

Cuba: Double is twice as good

Cuba has allowed two official currencies since 1994: The Cuban peso (CUP) is used primarily for government-subsidized goods, while the convertible peso (CUC) is for imported products or tourist services. Viva la revolución!

Scandinavia: No cash, please!

Bank branches that don’t have cash, churches with digital collection plates. Scandinavians are ahead of the game when it comes to cashless payments. In Sweden, there are plans to do away with cash completely by 2030.

UK: my city, my currency

Have you heard of Bristol pounds? Since 2012 it has been legal in the English town of Bristol, population 450,000, to pay with Bristol pounds. Why? To boost the local economy.

China: Chat and pay

It started as a chat service, but has now become China’s largest mobile payments provider: WeChat Pay. You can make payments at a cash register using a QR code. But there’s actually a larger provider in China that has an 80 percent market share and 520 million users worldwide: Alipay, the mobile payment system of China’s biggest company, Alibaba.

On vacation with UBS Digital Banking

UBS Digital Banking makes traveling easier. With the UBS Mobile Banking App you can take care of your banking business while on the road, and thanks to notifications you can keep an eye on your budget at any time. You can digitally save copies of your ID, travel documents or vaccination card in UBS Safe. Further tips on ubs.com/vacation-tips.