Mastercard NetsUnion launches bank card clearing in China, approved by the People's Bank of China.

Mastercard's Chinese joint venture, Mastercard NetsUnion Information Technology (Beijing) Co., Ltd., has officially launched its bank card clearing operations, issuing Mastercard-branded cards for both domestic and international use. Approved by the People's Bank of China in November, this marks the second overseas bank card clearing institution in China, following American Express's approval in 2020.

May 09, 2024
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