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China opens market to foreign banks, ATMs expected to rise
December 5, 2006
RTTNews: Foreign banks are preparing to establish or expand ATM networks in China as the Dec. 11 date for opening up the country's banking sector approaches. Citibank is epxected to increase its ATM services to 85 outlets by year-end, and HSBC has added 20 ATMs to its China network. Citibank and HSBC have each signed membership agreements with China UnionPay, China's sole bankcard-transactions operator.
Transaction ProcessingRetail / Off-PremisesNorth AmericaAsia, Australia & PacificBanking Executive SummaryBank / Credit Union
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