July 22, 2016Blog Posts

Mastercard may apply for China payment license this year

Reuters:

Mastercard Inc hopes to apply this year to become a payment service provider in China after the government opened the market, but the company is still weighing whether to do so alone or with a partner, senior executives said on Friday. The world’s most populous country is “pretty crucial” to its future, but MasterCard is still studying rules in China that would affect its business and is hammering out a business plan, Ann Cairns, president of international markets, told Reuters in an interview.

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