日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Economy

Visa, Unionpay dispute to cost bank card consumers

(Xinhua)
Updated: 2010-06-03 20:32
Large Medium Small

BEIJING - Visa said on Thursday it will stop banks using China Unionpay's system to settle international transactions with bank cards bearing the Visa and Unionpay logos.

Media reports said member institutions could face hefty fines from Visa if they disobeyed the rules.

But China Unionpay told Xinhua on Wednesday that no party has the right to restrict the payment channels that bank card holders choose to use.

Related readings:
Visa, Unionpay dispute to cost bank card consumers Visa to block China UnionPay int'l transactions
Visa, Unionpay dispute to cost bank card consumers China UnionPay launches ATM service in South Africa
Visa, Unionpay dispute to cost bank card consumers China UnionPay expands mobile program
Visa, Unionpay dispute to cost bank card consumers China UnionPay's major business expands in Maldives

According to Visa's rules, people using the Visa-Unionpay card outside of the Chinese mainland will face a one to two percent currency transfer fee on each purchase.

Sources with Visa's Beijing Office told Xinhua Thursday that the rule was not new, and Visa would just enforce it.

As the sole bank card processor in China, China Unionpay's overseas presence has grown significantly during its seven-year history. It is currently accepted in more than 90 countries and regions.

According to a report released by the People's Bank of China, or the central bank, Chinese banks had issued 175 million credit cards at the end of the third quarter of 2009, of which 33 percent are accepted by the Visa system.

Chinese travellers spent $42 billion abroad last year, according to the Chinese Tourism Academy of the National Tourism Administration.

Guo Tianyong, professor with the Central University of Finance and Economics, said the dispute is merely a reflection of the fierce competition between the two bank card processors in both the overseas and China's domestic markets.

His view was echoed by Zhong Wei, an economist with the Beijing Normal University, who said Visa covered up its real reason, "Actually Visa's actions aim at increasing its shares in the Asia-Pacific market and defending its dominance in the global market."

"The dispute is unavoidable," said Guo, noting that Visa is very unhappy with China Unionpay's monopoly status in China, therefore blocking its overseas channels may be a good "hit-back."

Guo suggested that China open its bank card market letting more competitors into the domestic market, which would help develop the country's fast growing bank card industry.

主站蜘蛛池模板: 精品少妇一区二区三区免费观看 | 亚洲国产黄色片 | 99热r| 三级视频在线看 | 中文字幕一区视频 | 成人短视频在线免费观看 | 国产欧美日产 | 日本www网站 | 亚洲黄色激情 | 五月婷婷俺也去 | 欧美精品一线 | 欧洲美女与动交zozzo | 精品久久影院 | 超碰99在线| 超碰777| 激情久久视频 | 一级aaa毛片| 日韩精品四区 | 欧美视频网址 | 成人网在线免费观看 | 骚年老头囗交瘦老头激情 | 黄色午夜 | 青青草华人在线视频 | 天天操夜夜爽 | 亚洲黄色av | 色婷婷av一区二区三区大白胸 | 日本男人的天堂 | 亚洲精品久久久久久久久久久久久 | 免费在线中文字幕 | 国产主播一区二区三区 | 日韩美女在线视频 | 欧美国产中文字幕 | 黄色免费小网站 | 国产三级福利 | 日本一区二区三区四区五区六区 | 欧美激情亚洲综合 | 欧美午夜网站 | av狠狠干| 四虎四虎 | 自拍 亚洲 | 国产成人精品综合久久久久99 |