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Friday, 26 February 2016 00:00 - - {{hitsCtrl.values.hits}}
Reuters: China UnionPay and Visa Inc signed a memorandum of understanding to collaborate on payments security, Visa said on Thursday.
The MoU comes as Visa awaits regulations that would give it direct access to the Chinese market for clearing bank card transactions. The market was valued at $6.84 trillion in 2014.
China had announced last year that it would open up the market for foreign payment networks from June.
Visa, the world’s largest payments network operator, had said in January that it continues to work towards making a formal application in China while awaiting final regulations.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.