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.
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff11
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle14
13:37 GoPro to cut about 15 percent of workforce13
23:59 Samsung Electronics says reviewing shift to holding company structure15