Unionpay pt.1 | Clipmarks


	Unionpay pt.1

shook893

6-23-2008 8:03 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/479b77c2-2e19-4273-85f9-20e775baebb4/E99B4693-BE43-461B-A2B2-721E1BBB99BC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://willburnspayments.blogspot.com/2008/04/unionpay.html" href="http://willburnspayments.blogspot.com/2008/04/unionpay.html" style="font-size: 11px;">willburnspayments.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://willburnspayments.blogspot.com/2008/04/unionpay.html">The largest competitor to Visa and MasterCard will come from China and is called UnionPay. It was established in 2002 and is the only interbank network in China. Of course, as with everything else in China, it has been established by the Government, through their version of the Bank of England, the People’s Bank of China (PBOC).Their credit cards are all affiliated with either MasterCard or Visa, so can be used across the world, though their debit cards can only be used as part of the UnionPay network and a limited number of other networks that have signed contracts.And this is where it gets interesting. Without me and most of the world noticing, UnionPay have started to expand in a big way. By 2006 they could be used in over twenty further countries outside China, including the United States, Japan, Singapore, Malaysia, Thailand, Germany, Switzerland, France, and Australia becoming increasingly influential.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E99B4693-BE43-461B-A2B2-721E1BBB99BC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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