American Express has received approval for card clearing services in China, making it the first foreign payment network to do so. This allows American Express to process local currency (RMB) transactions in the Chinese market. Approval was given to Express (Hangzhou) Technology Services Company Limited (“Express Company”), this is a joint venture between American Express & Lianlian DigiTech Co., Ltd (chinese fintech company). American Express expects to begin processing transactions sometime later this year.
Comments are now closed because people can’t stay even remotely on topic.
Good, I can buy grilled bats with Amex now at China’s wet market
That’s a very mature and intelligent joke right there. You must be fun at parties.
China is perpetual liar. It’s culture does not have sense of honor or contract. Don’t believe this? Remember WTO @2001, Hong Kong @ 1997? Etc.
yea but money
Pointless since nearly 99% of China uses WeChat or AliPay these days. Even UnionPay which more or less monopolizes credit card/debit card networks doesn’t have as much coverage as WeChat or AliPay.
Yeah… Comments section is a complete sh!tshow.
So propaganda campaign is targeting credit card blogs like DoC now
Yeah, looking at your comment history, I’d say so.
My comment history? Wow this is a brand new account and now I have a comment history. Take your propaganda effort somewhere else
Guess who has a long comment history. 😉 Our good friend Fred must have made a fortune
Nice try
Pathetic liar!!! You’re NOT welcome here!!!
Garbage everywhere these days. Just ignore them
China China China… Just like Trump’s Tweet
Oh please, this is DoC, please don’t turn every place that you can comment into a politics shit show. Leave that on reddit.
+1
Seriously? Ugh communist party is totally going to do unspeakable things…
Whats with all the red scare comments here? Are we back in the 50s?
That’s a lot of useful data for the communist leadership to exploit. My advice: “Do leave home without it.”
Amex might block VISA and MasterCard from landing in China.