PaymentsSource

Standard Chartered Issues Yuan Debit Cards in China

United Kingdom-based Standard Chartered bank has begun issuing yuan-denominated debit cards in China after signing a card agreement with China UnionPay, a bank spokesperson tells CardLine Global. The bank earlier this month received permission from Chinese financial authorities to issue the cards (CardLine Global, 14 July). The bank is among the first foreign financial institutions …

Standard Chartered Issues Yuan Debit Cards in China Read More »

Chinese Making More Inquiries About Credit Records

In an apparent sign of the growing sophistication of the Chinese lending market, Chinese citizens made at least 150,000 inquiries about credit records in June, the People’s Bank of China says, up from 1,000 inquiries in January 2005. The increase in inquiries comes after China’s financial authorities expanded the information included in the country’s credit-information …

Chinese Making More Inquiries About Credit Records Read More »