Report: China to Overtake the U.S. as the World’s Largest Credit Card Market
Tags: MasterCard, videos
MasterCard said it expects China to overtake the U.S. as the world’s largest credit card market by number of cards by 2020, citing the country’s rapid urbanization.
However, that doesn’t necessarily mean MasterCard will benefit, as China UnionPay Ltd. owns a monopoly on processing card payments.
(Via YouTube.com)
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