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

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

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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