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November 19, 2009

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China UnionPay Co Yen for debit cards

CHINA UnionPay Co yesterday teamed up with the Bank of China to issue Japanese yen-denominated UnionPay-standard debit cards in Japan, UnionPay said yesterday.

The card can also be accepted in China and UnionPay's 70-plus overseas network, the Shanghai-based company said.

UnionPay, China's sole bank card transaction switcher, is expanding its global presence by allying with banks from China and overseas to issue UnionPay cards overseas.


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