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Subject: Visa International in 1997 signed MOU China EMV


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http://www.smartcard.co.uk/resources/reports/asia.pdf
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Date Posted: 09:34:35 02/01/03 Sat

At the end of last year The People's Bank of China,China's Central Bank and Visa International signed a memorandum of understanding whereby the Chinese government will accept the EMV (Europay, MasterCard,Visa) standard for Smart Card transactions. This could result in 200 million payment cards issued within just a few years.

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