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Banking

Mastercard’s joint venture receives approval to commence domestic payments in China

Mastercard's joint venture in China, Mastercard NUCC Information Technology, has received formal approval to commence domestic payments. In February 2020, Mastercard NUCC received...
Banking

China imposes hefty fines on Ant Group and Tencent as it looks to normalise supervision

China's central bank, the People's Bank of China (PBOC), has imposed hefty fines on Ant Group and Tencent, along with other fintech companies, as...

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