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JV company hopes to become first-ever private credit card issuer in China

Dan Slater
In the historic capital of Xian, the Shaanxi Credit Bureau (SCB) plans a historic move.

Given that the largest foreign credit card companies such as Visa, American Express and Mastercard are still barred from issuing cards, SCB's pioneering efforts could well leave it placed to obtain first-mover advantage, say observers.

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