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HomeBankingMastercard: Approved to Prepare for Domestic Operations in China

Mastercard: Approved to Prepare for Domestic Operations in China

Date:

Mastercard: Approved to Prepare for Domestic Operations in China

  • Announce that it has received in-principle approval from the PBOC to begin formal preparations to set up a domestic bankcard clearing institution in China
  • The application submitted by Mastercard NUCC Information Technology (Beijing) Co., Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation
  • China a vital market and also reiterated unwavering commitment to helping drive a safer
  • More inclusive and also seamless payments ecosystem for Chinese consumers and businesses
  • Remain focused on working with the Chinese government and local partners to grow the overall payments infrastructure
  • The strategic collaboration between Mastercard and NUCC founded on mutual synergies, and will drive a simple, safe and smart payments experience

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