Posts Tagged ‘credit card’

A way of making money by borrowing from credit cards

Financing has always been a hard problem in China, especially for small and medium businesses. It is understandable that banks are reluctant to lend to small businesses, as credit evaluation system is almost nonexistent, although governments at different levels have been trying to establish some kinds of measures and evaluation mechanisms. Businesses may need an [...]

The role of China UnionPay

Someone who is not yet familiar with the Chinese banking industry recently asked me what is the role of China UnionPay, as he sees the logo on credit cards, debit cards, ATMs, etc. After explaining to him, I realised it might a good idea to put it here, in case someone might find it useful. [...]


Switch to our mobile site