Tag Archives: China Union Pay

Chinese tourists payments: Cash, Union Pay and associated heartaches

Chinese tourists payments: Cash, Union Pay and associated heartaches

You only need to take a quick walk down 5th Avenue or Rodeo drive to notice how many luxury boutiques have the China Union Pay placard prominently displayed in the window. With the velocity and size of purchases by Chinese tourists, it’s no wonder why.

Due to both the Chinese government’s restriction of the banking industry in China

Read More »