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

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

Topic |   Central Banks

TOP PICKS

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
READ FULL ARTICLE