China News Service, Hangzhou, August 28 (Hu Yixin) On the 28th, Connect (Hangzhou) Technology Service Co., Ltd. (hereinafter referred to as “Connect Company”), the first Sino-foreign joint bank card clearing institution in China, held an unveiling ceremony. It is reported that Connectivity is a joint venture between American Express and Lianlian Digital Technology Co., Ltd., and has officially started commercial operations in China.
According to reports, the People’s Bank of China formally issued a bank card clearing business license to Connected Corporation in June 2020. Its bank card clearing network can handle the online and offline payment transactions of American Express-branded cards in China, and can support in China Card binding transactions on mainstream domestic mobile payment platforms.
Zhu Congjiu, vice governor of the People’s Government of Zhejiang Province, said that the approval of Connecting Company not only marks a solid step towards marketization and internationalization by China’s bank card clearing organization, but also shows that China’s financial industry has opened up to the outside world. A new stage of opening up financial infrastructure.
According to the relevant person in charge of Connecting Company, Connecting Company has joined hands with the first batch of partners including 16 mainstream domestic banks, 3 major mobile payment head platforms and 7 non-bank payment institutions to develop bank cards in batches steadily and orderly. Liquidation business. (Finish)