Tag: China
-
Mastercard preps for China business
Published: [insert date] Mastercard, one of the world’s leading payment processing companies, is making significant strides in its preparation to enter the Chinese market. This move comes after years of negotiations and regulatory hurdles that have kept international payment networks out of the Chinese market, which is dominated by state-owned UnionPay. However, with the Chinese…
-
China to revise its AML rules to include crypto transactions
China to Revise its AML Rules to Include Crypto Transactions Date: [enter current date] Introduction In a significant move to regulate cryptocurrency activities, China has announced plans to revise its anti-money laundering (AML) rules to explicitly include crypto transactions. This development comes as authorities aim to address concerns regarding money laundering, terrorism…
-
Singapore and China expand financial cooperation
Singapore and China Expand Financial Cooperation Singapore and China have recently announced an expansion of their financial cooperation, marking a significant milestone for the two nations. Both Singapore and China have long recognized the importance of strong financial ties to maintain economic stability and drive growth in the region. This new collaboration…
-
Will China be a boon or bust for card networks?
In recent years, China’s rapid economic growth has raised significant questions about the role and influence of card networks within the country. As one of the largest and fastest-growing markets in the world, establishing a stronghold in China has become a priority for major card networks. Card networks such as Visa, Mastercard, and American Express…
-
Mastercard joint venture approved for China card processing
Mastercard Joint Venture Approved for China Card Processing Mastercard, the multinational financial services corporation, has recently received approval for establishing a joint venture in China. This is a significant development, marking a milestone in Mastercard’s efforts to expand its card processing operations within the country’s rapidly growing market. Joint Venture Partners The joint venture, named…
-
Mastercard obtains a bank card clearing licence in China
Mastercard, the global payment services company, has successfully obtained a bank card clearing license in China. This marks a significant milestone for the multinational corporation, as it enables Mastercard to directly process transactions made with its branded cards within the country. China is the world’s largest card market and has a rapidly growing middle…
-
Nuvei launches operational hub in China
Shanghai, China - Nuvei Corporation, the global payment technology partner, has announced the launch of its operational hub in China. With this strategic move, Nuvei aims to bolster its presence in the rapidly growing Chinese market and provide localized payment solutions for Chinese businesses and customers. Nuvei’s expansion into China comes at a time…