Views: 12031|Replies: 72

Would China develop it's own credit card system? [Copy link] 中文

Rank: 8Rank: 8

Post time 2009-11-2 14:32:49 |Display all floors
Recently Malaya Federation decided to charge credit card holders a Rmb100 a year fee!

Could this be an attempt by the Malayan Federal Government to start a NATIONAL CREDIT CARD system. This would allow a measure of DATA SECURITY for Malayan spending on durables, services against the prying American Regime "Pyramid Pinnacle" eyes kongfu!

Well, the immediate effect would be a more reasonable level of credit card ownership - 2 cards instead of multiple cards. Probably citizens would keep a local use card and another with an international bank for global travel - such as those issued by Citibank, HSBC, or Standard Chartered Bank.

This could well make it easier for a domestic credit card scheme with no fees needed!

The credit card sales team, has long benefited university or tertiary students, selling cards for extra incometo pay for their education expenses!


Green DRagon
Game Master

Use magic tools Report

Rank: 8Rank: 8

Post time 2009-11-2 14:37:52 |Display all floors

Issue a Mastercard or Visa, get a free GREAT WALL card?

Like Japanese JCB card, basically a domestic Japanese credit card company!


wonder whether it is a good way to develop a indigeneous system?


Green DRagon
Game Master

Use magic tools Report

Rank: 8Rank: 8

Gold Medal

Post time 2009-11-2 15:24:11 |Display all floors
Originally posted by greendragon at 2009-11-2 15:37


Isn't Visa Card an own credit card system? It is guaranteed by the issuing bank and not by an international - or foreign organization, isn't it?

Use magic tools Report

Rank: 8Rank: 8

Post time 2009-11-2 15:48:17 |Display all floors

Would China develop it's own credit card system?

Surely it already has, judging by the large number of credit card numbers for sale on CD BBS, with bugger-all oversight by the moderators.
"他不是救星, 他是一个非常淘气男孩" - Monty Python

Use magic tools Report

Rank: 6Rank: 6

Post time 2009-11-2 15:50:27 |Display all floors
Originally posted by greendragon at 2009-11-2 14:32
Recently Malaya Federation decided to charge credit card holders a Rmb100 a year fee!

Could this be an attempt by the Malayan Federal Government to start a NATIONAL CREDIT CARD system. This woul ...



China has its own system, Union pay, which frankly is not as good as Visa or MC

Visa and MC are good all over china, in your home currency and RMB.  They are also good all over the rest of the world in your home currency and in local currencies.
Union pay is only good in China and limited locations abroad.  For example recently last year Union pay started being supported in the Philippines.  Unfortuneatly it is only supported at one bank and not at all of their ATMsonly some of them.  Its really limiting. (I went to the Philippines last year with 2 chinese citizens.  1 had a union pay card and a visa the other had just union pay while I had MC and Visa.  You can guess who had the trouble.)

China needs to figure out what the advantage of union pay is besides it just being patriotic.

Use magic tools Report

Rank: 8Rank: 8

Post time 2009-11-2 16:05:34 |Display all floors
O GD U blind traveller................

I wanna say Union Pay la this morning

Sweetie can swipe few 1000's bucks @ one go la
What's on your mind now........ooooooooooooooo la la....Kind Regards

Use magic tools Report

Rank: 8Rank: 8

Gold Medal

Post time 2009-11-2 16:10:35 |Display all floors
Originally posted by emucentral at 2009-11-2 16:48
Surely it already has, judging by the large number of credit card numbers for sale on CD BBS, with bugger-all oversight by the moderators.



I believe that I did mention this once before. A couple of months ago BBC - your favorite news service - reported of massive CC-card fraud originating from Indian call centers. Their "products" are offered all over the web. For details please contact BBC/London-U.K.

Btw, afaik there is not a single CC call center operating out of China.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.