Summary | In what looks like a big setback for UnionPay, the
World Trade Organization has ruled that the financial services
network operator has an illegal monopoly that unfairly locks
rivals like MasterCard (NYSE: MA) and Visa (NYSE: V) out of the
market for settling financial transactions denominated in
China's currency, the renminbi. But while this ruling ...
World Trade Organization has ruled that the financial services
network operator has an illegal monopoly that unfairly locks
rivals like MasterCard (NYSE: MA) and Visa (NYSE: V) out of the
market for settling financial transactions denominated in
China's currency, the renminbi. But while this ruling ...
youngchinabiz.com | 06 April 2016