- Mastercard (NYSE:MA) gets approval in principle from the People's Bank of China to begin formal preparations to set up a domestic bankcard clearing institution in China.
- The application was submitted by Mastercard NUCC Information Technology (Beijing), a joint venture of Mastercard and NetsUnion Clearing Corp.
- Within a year, the company will be able to apply to the PBOC for formal approval to begin domestic bankcard clearing activity.
Mastercard JV gets approval to prepare for domestic operations in China
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Symbol | Last Price | % Chg |
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MA | - | - |
Mastercard Incorporated |