China To Ease Credit Card Restrictions

Associated Press, The Guardian
Thu, 10/30/2014 - 2:55am

Foreign companies will be allowed to apply to set up credit card clearing operations in China, says announcementChina is moving to ease restrictions on credit cards in a move that might give Visa, Mastercard and others greater access to the Chinese market.Foreign companies will be allowed for the first time to apply to set up credit card clearing operations in China, according to a cabinet announcement.

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Topics:  visa   mastercard   chinese   china   ease   restrictions   credit card   set   apply   companies   clearing   allowed   foreign   operations   
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