U.S.-based Digital River, Inc. has signed a payments agreement with Chinese online travel company Ctrip.
Net 1 UEPS Technologies Inc. has acquired a 43.88% interest in Transact24 Limited, a specialist Hong Kong-based payment services company.
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.
Global Payments Asia-Pacific Limited has become the first foreign payment card processor to launch China UnionPay card acquiring service in China.
Chinese home appliance retailer Suning has announced plans to launch a Green Channel for expatriates from July 1, 2008.