By Arnold Ma

Many of the world’s biggest brands have a desire to crack China, home to over 1.3 billion consumers. And with the country’s citizens eagerly embracing cashless transactions – even some city buskers take payment via QR code – it’s even less of a shock that Western payment platforms are at the front of the queue.

Against this backdrop, recent reports that US-based American Express, Mastercard and Visa are amongst the payment providers preparing to submit licences to operate in China should come as no surprise.

These banking megabrands have been knocking for some time but had faced an Read full story ›

Source: The Drum