Taiwan: 368 Stores Accept UnionPay Cards
According to Taiwan's financial regulatory department, 368 stores in Taiwan have installed UnionPay's terminals to accept bank card and credit card payments from mainland consumers. Reports in...
View ArticleTaobao.com And BOC Launch Co-branded Credit Card
Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a co-branded credit card. This is the first time...
View ArticleBeijing's Retail Sales And POS Use Increased In 2009
At a meeting convened by Beijing Municipal Commission of Commerce and covering sectors in Beijing in 2010, it was reported that in 2009 retail sales in Beijing were CNY530.99 billion, an increase of...
View ArticleChinese Internet Behemoth Plans Retail Banks
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking...
View ArticleCredit Card Agreement Expanded In China
China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities. For the...
View ArticleDiners Club Inks Chinese Bank Deal For Credit Card Expansion
Diners Club International Ltd., a business unit of Discover Financial Services, and Industrial and Commercial Bank of China announced plans to bring a new Diners Club International franchise to the...
View ArticleBritish Internet Retailer Expands To Chinese Online Sector
UK-based Net-a-Porter has launched a Chinese-language website, targeting the Asia Pacific market. Net-a-Porter currently has websites in English, French, German, and Chinese languages. The Chinese...
View ArticleMasterCard Focuses On Payment Safety With Chinese Internet Shopping Firm
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard. The MOU aims to forge joint efforts to establish an enhanced e-commerce...
View ArticleMasterCard Teams With Chinese Bank For Virtual Payments
China CITIC Bank and MasterCard have signed a memorandum of understanding for strategic cooperation in the virtual payments space within and outside China. Financial terms of the deal have not been...
View ArticleChinese Global Travelers Gain Expanded Money Transfer Services
Money transfer company MoneyGram has inked a deal with a Chinese payments firm to expand global services. China-based CUP International announced a significant expansion of their emergency cash service...
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