Visa and Mastercard reduce transaction fees for Chinese merchants, supporting China's global payment ecosystem.
International bank card clearing institutions like Visa and Mastercard have reduced transaction fees on overseas bank cards for Chinese merchants, aiming to boost local merchants' acceptance of these payment methods. This move supports China's efforts to establish a globally compatible payment ecosystem. The lowered fees are expected to improve the environment for overseas bank card payments in the country.
July 03, 2024
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