Econ and Finance - 15 Jun 2020

Don’t leave home without it…even in China

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Better late than never.

On June 13, the People’s Bank of China (PBoC) announced that it had granted a network clearing license to American Express’s (AmEx) China joint venture, Express (Hangzhou) Technology Services.

Why that’s a big deal: This makes AmEx the first foreign payments netwo...


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