The People’s Bank of China still hasn’t acknowledged Visa and Mastercard’s applications submitted over a year ago (V, MA)
|01/15/2019||Posted by BusinessMediaguide.Com under General World News||
The People’s Bank of China (PBOC) has reportedly not yet acknowledged Visa and Mastercard’s applications to operate and process payments in the market, which were both submitted over a year ago, according to Financial Times, citing two people familiar with the application process.
Chinese procedures typically show that once the central bank acknowledges its receipt of an application, it makes a decision within 90 days.
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