Mastercard JV Approved to Begin Local Payments Processing in China
Mastercard (NYSE: MA) announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) in order “to commence domestic bankcard clearing activity in China.”… Read More
Read more in: Asia, Fintech | Tagged beijing, china, financial services, formal approval, joint venture, mastercard, mastercard nucc information technology, nafrbankcard clearing, national administration of financial regulation, pboc, peoples bank of china