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

flag 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. flag 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.

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