Citibank China's UnionPay qualification is terminated.

Citibank China's UnionPay Membership Terminated

Caixin.com, September 4th. According to a recent announcement by China UnionPay, it has terminated the membership of Citibank (China) Limited, but did not disclose the specific reasons. This means that Citibank China will no longer conduct payment services through the UnionPay network. According to Caizhongshe, this adjustment directly reduced the number of foreign banks with UnionPay membership in China from 9 to 8. Currently, foreign banks holding UnionPay membership in China include HSBC, Standard Chartered Bank, Bank of East Asia, DBS Bank, Mizuho Bank, Deutsche Bank, Mitsubishi UFJ Bank, and Hang Seng Bank, among others.

Original: https://www.toutiao.com/article/7546233459082969638/

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