arrow_first

WTO’s ruling on China UnionPay cards: Monopoly or exclusivity?

US card giants have long criticised China UnionPay for monopolising the country's payment market.
WTO: China must break renminbi card monopoly

The lastest tug of war between China and the US heats up as the World Trade Organisation ruled on July 16 that the Chinese government violated WTO rules by stipulating that all local bank cards carry the UnionPay logo and all Chinese merchants have to be equipped with UnionPay-compatible swipe machines. But the international trade body rejected a US trade representative’s claim that UnionPay monopolised China’s bank card market.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Register now to enjoy a 7-day free trial. Click the link to get started.

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Sign up for CorporateTreasurer’s Newsletter
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
Become a CorporateTreasurer Subscriber
for unlimited access to all articles, newsletters