Originally Posted by
jamar
The way that was worded indicates it's going to bring MasterCard in line with using a Chinese bank account or credit card, but the problem is, it hasn't been implemented yet, so it's really hard to know exactly how that will play out until it happens (even more so in China than elsewhere).
https://www.pymnts.com/news/payment-...lers-to-china/
How is this different than the current system? I can't imagine that Alipay is going to eat MC interchange fees from foreign affinity cards. Some merchants will, of course, but mom-and-pop businesses won't.