China Blocks Plans for Virtual Credit Cards
China's central bank has put a stop to virtual credit cards, citing security concerns in the verification process of these products. The bank also stopped payments via Quick Response or QR codes,...
View ArticleChinese Consumers Using Credit Cards for “Shadow Banking”
If you need quick cash in China, you don't have to apply for a loan with the central bank. All you need is a credit card and a store willing to take part in a process called "shadow banking." China...
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