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The Complicated β€” And Increasingly Crowded β€” Payments Battle In China

PYMNTS

According to research from RBR , at the end of 2016, more than six billion UnionPay-branded cards existed worldwide. It’s all but possible for internet companies to work together with traditional financial institutions,” said Xu Ling, JD Finance deputy president. But in the last three years, not much has happened.

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