China will open the bank-card clearing business to both domestic and foreign investors in an effort to expand the opening up in financial sector and optimize consumption environment.
China and Nepal on Tuesday jointly launched here the U.S. dollar-denominated International UnionPay pre-paid card, which can be accepted in over 140 countries.
South Korea's financial regulator said Wednesday that it will slap punitive penalties to financial companies for future client data leakage after the incident that personal information of almost all adults in the country was stolen from three credit card issuers.
China UnionPay and the Bank of China Thursday in Sydney launched the very first Australia and China- friendly dual-currency debit card, expected to smooth the way for tourists, students and business people traveling between the two countries.
China UnionPay, the dominant bank card organization in China which has been expanding internationally, took a further move to enhance its global presence as it launched the first card in the United States on Monday.
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