MasterCard, CUP to Explore Online Payment

Sept. 20, 2010

China UnionPay and MasterCard Worldwide recently announced that they have signed an agreement that establishes a relationship through which the two companies will explore future business development. According to a short joint statement, UnionPay and MasterCard will form working groups to discuss opportunities and formulate a business development plan. The companies stated that areas of potential cooperation include online payment and other areas.