Chow Tai Fook goes live with renminbi credit cards in Hong Kong
The Hong Kong-based jeweler is using the renminbi more; accepting renminbi cards in Hong Kong and using the liquidity to fund China.
Chow Tai Fook (CTF), the world’s largest listed jeweler by market value, put in place UnionPay and Bank of China (Hong Kong)’s renminbi credit card settlements services at the end of December. When a UnionPay cardholder makes purchases in Hong Kong, CTF will be able to obtain the payment in renminbi directly.
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