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