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Int'l bank card organizations improve payment services in Chinese market
Published on: 2024-06-20
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International bank card organizations such as Mastercard and American Express have accelerated efforts aimed at optimizing payment services in China, in order to satisfy ever-growing payment needs in the deepening opening-up process of the world's second-largest economy.

Motivated by the advantages of operating in the large-scale Chinese market, global bank card companies have been constantly enhancing their services, ranging from expansion of the scope of cooperating merchants to the upgrading of payment limits on merchandise.

In the latest move to expand its business layout in China, Mastercard NetsUnion Information Technology (Beijing) Co., Ltd. (Mastercard NetsUnion), a joint venture of Mastercard and NetsUnion Clearing Corporation, has introduced a brand new bank card called China Mastercard, taking this step just over a month after it officially launched its bank card clearing operations on May 9.

Currently, China Mastercard holders not only have the ability to shop at more than 100 million merchants around the world, but can also add the card to Chinese e-commerce platforms such as Alipay, WeChat, JD.com and Meituan as well as overseas digital wallets, said Zheng Xiaofei, CEO of Mastercard NetsUnion.

In addition, the company has also cooperated with more than 30 digital wallet platforms in expanding shopping scenarios for its customers from daily consumption to merchandise such as automobiles and real estate.





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