Foreign card companies have had to team up with UnionPay on yuan-denominated card transactions. Photo: Reuters
Foreign card companies have had to team up with UnionPay on yuan-denominated card transactions. Photo: Reuters

Mainland China to allow foreign credit card firms to apply for clearing licences

Foreign card companies have had to team up with UnionPay on yuan-denominated card transactions. Photo: Reuters
Foreign card companies have had to team up with UnionPay on yuan-denominated card transactions. Photo: Reuters
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