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(The Paypers) Chinese smartphone maker Xiaomi has announced plans to work with national bankcardassociation China UnionPay for a mobile payment service.
(The Paypers) Xiaomi has made it official that it will be entering the ever-growing mobile payments industry with a new service in China, together with the country’s national bankcardassociation UnionPay.
One way to keep your monthly costs down is by lowering credit card transaction costs. You will be charged transaction rates from your payment processor, merchant acquiring bank, cardassociations, and in some cases, even your merchant services provider. In this article, we will focus on payment processors.
“This approval represents an important step forward in our long-term growth strategy and is an historic moment, not only for American Express but for the continued growth and development of the payments industry in mainland China,” said Stephen Squeri, chairman and CEO, in a statement.
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