VISA To Increase Cost of China UnionPay Transactions Outside Mainland China
Published:
2010-06-02
As of August 1, VISA will require banks that are members of its global network to pay extra fees if they use the China UnionPay (CUP) settlement channel when processing transactions outside mainland China involving credit cards carrying the VISA logo. The move will mean that China UnionPay cardholders will be forced to pay extra brokerage fees when buying goods or withdrawing money in foreign countries.
Source
China National Radio
Google Translation
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Interactive
Multimedia
A look at Nanjing local government's controversial urban reconstruction project
E-paper
|
