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  1. Business - Banking & Finance - BANKS

    Cut in fees for credit-card payments to erode bank profits

    Posted Nov 29th 2012, 12:00am by Kwong Man-ki

    ... to reduce transaction charges on credit-card payments, Xinhua reported on Tuesday, citing a notice issued by the People's Bank of China. The PBOC spokesman was not available for comment. ...

    http://www.scmp.com/business/banking-finance/article/1093391/cut-fees-credit-card-payments-erode-bank-profits

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