SHANGHAI, Nov 6 - China UnionPay, the country's sole bank card processor, aims to become a globally competitive brand on the back of China's rising influence, but its overseas expansion won't pose a threat to...
Taiwan's Financial Supervisory Commission on Thursday said that the island will permit mainland tourists to use credit cards and debit cards issued by China UnionPay Co, the only national credit card organization in China, as early as late August.The commission said in a statement that CUP has more...
Hang Seng Bank<11>, 62% held by HSBC Holdings Plc<5><HBC>, will launch a RMB-denominated debit card in mainland China on Friday, in a bid to attract more mainland clients.The Hong Kong-based bank has teamed up with China UnionPay Co on utilizing the latter's network. Meanwhile, any card with a...