Money transfer company MoneyGram has inked a deal with a Chinese payments firm to expand global services.
China CITIC Bank and MasterCard have signed a memorandum of understanding for strategic cooperation in the virtual payments space within and outside China.
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.
UK-based Net-a-Porter has launched a Chinese-language website, targeting the Asia Pacific market.
Diners Club International Ltd., a business unit of Discover Financial Services, and Industrial and Commercial Bank of China announced plans to bring a new Diners Club International franchise to the Asia Pacific region.
China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities.
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.
At a meeting convened by Beijing Municipal Commission of Commerce and covering sectors in Beijing in 2010, it was reported that in 2009 retail sales in Beijing were CNY530.99 billion, an increase of 15.7% year-on-year.
Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a co-branded credit card.
According to Taiwan's financial regulatory department, 368 stores in Taiwan have installed UnionPay's terminals to accept bank card and credit card payments from mainland consumers.