Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan
Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan
Business /  China Business

China orders banks to stop issuing dual-currency credit cards to stem capital flight

Topic |   Central banks
Alun John
Alun John

Updated: 2:54pm, 20 Jul, 2018

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Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan
Dual-currency credit cards issued with both Visa and UnionPay logos will have to be replaced by cards carrying just the Chinese clearing company’s logo, under a central bank directive. Photo: Martin Chan
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