MasterCard seen stealing a march on Visa as China opens doors

April 28, 2015 6:48 PM

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April 28 (Reuters) - MasterCard Inc's strong association with Chinese bank card behemoth UnionPay is expected to help it reap more benefits than larger rival Visa Inc as the country opens up its $7 trillion bank card payments market to foreign players.

The world's largest debit and credit card issuers have so far been barred from operating independently in the China bank card market - projected to become the world's biggest by 2020.

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