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Mastercard preps for China business

February 1, 2024


Mastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday.

Mastercard, the second-largest U.S. card network, is on track to launch services in China in the first half of this year because an approval it won from the country requires services be started within six months. The Purchase, New York-based company won approval last November for a joint venture offering domestic services in China.

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