Chinese travelers can charge it

[dArKeR]

For the first time, Chinese who travel overseas can bring along a credit card they can use on both ends of the trip -- at anyplace that takes Visa.

Citigroup joined local partner Shanghai Pudong Development Bank yesterday to launch the nation's first foreign-backed credit card for use both at home and abroad -- a step long awaited by international banks itching to tap China's huge market.

Chinese consumers are just beginning to awaken to the possibilities of paying with plastic, and foreign banks view the nascent credit card industry as a potential gold mine.

http://www.taipeitimes.com/News/worldbiz/archives/2004/02/05/2003097575