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China’s domestic payments market has been the antithesis of its international regime, representing an insular market in an era when mobile and digital payments technologies and cards are permeating further than ever before. Whereas the world’s leading financial centers are all vying for RMB payments and execution, China itself has put up barriers for groups such as Visa and MasterCard – this may finally be coming to an end however.
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Given years of pent up demand, China is finally ... (read more)