unionpay as a Chinese company

[countryfree]

Just when I was considering opening an account... My banks charge much higher fees than EMIs, but at least I'm sleeping well, because I know my services would not be shut down without any warning.
My main bank is more than 100 years old. Age is a good sign for financial companies.

 

[extremedox101]

i missed MT train but wirecard created a lot of issues the last 2 years , there is no future for prepaid cards it's seem .
let see if a non-eu provider / non crypto hater roll out with new cards next year , hopefully the site will not be crypto themed so someone can wire money from bank and load with emi's cards that against crypto .

 

[Milky Moon]

extremedox101 said:
i missed MT train but wirecard created a lot of issues the last 2 years , there is no future for prepaid cards it's seem .
let see if a non-eu provider / non crypto hater roll out with new cards next year , hopefully the site will not be crypto themed so someone can wire money from bank and load with emi's cards that against crypto .
Click to expand...

If you want to setup a niche:

Take MisterTango's product portfolio, setup a Swiss licensed EMI, get a UnionPay issueing license, offer 1 real bank office with deposit boxes.

 

[extremedox101]

Milky Moon said:
If you want to setup a niche:

Take MisterTango's product portfolio, setup a Swiss licensed EMI, get a UnionPay issueing license, offer 1 real bank office with deposit boxes.
Click to expand...

funny .. i would like to receive that as client 🙂 i don't understand some complicated stuff discussed here let alone bother myself with this.

 

[Martin Everson]

Indeed unionpay as a Chinese company might be the way to go forward as an alternative to U.S hegemony via VISA and MasterCard networks. But then again it is China 🙁.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Milky Moon]

Martin Everson said:
Indeed unionpay as a Chinese company might be the way to go forward as an alternative to U.S hegemony via VISA and MasterCard networks. But then again it is China 🙁.
Click to expand...

Nope: China UnionPay to enter European market

Starts issueing in December for continental Europe.

 

[KJK]

Martin Everson said:
Indeed unionpay as a Chinese company might be the way to go forward as an alternative to U.S hegemony via VISA and MasterCard networks. But then again it is China 🙁.
Click to expand...

I don't have problem with a Chinese company for smaller amounts, if they offer good rates it is a no brainer.
Is there any reason why Unionpay would be blocked in Europe as well? Or can they work better, without external pressure?

There were MANY different prepaid cards and providers in Europe, like 50 different names - but in the end almost all had the same solution - some card issuer somewhere in Gibraltar, Mastercard or VISA got angry at the issuer and blocked them. Also some AML directive basically banned all anonymous prepaid cards in European Union

 

[JohnLocke]

Milky Moon said:
Nope: China UnionPay to enter European market

Starts issueing in December for continental Europe.
Click to expand...

has this relevance to Mister Tango?

Martin Everson said:
Indeed unionpay as a Chinese company might be the way to go forward as an alternative to U.S hegemony via VISA and MasterCard networks. But then again it is China 🙁.
Click to expand...

has this relevance to Mister Tango?

KJK said:
I don't have problem with a Chinese company for smaller amounts, if they offer good rates it is a no brainer.
Is there any reason why Unionpay would be blocked in Europe as well? Or can they work better, without external pressure?

There were MANY different prepaid cards and providers in Europe, like 50 different names - but in the end almost all had the same solution - some card issuer somewhere in Gibraltar, Mastercard or VISA got angry at the issuer and blocked them. Also some AML directive basically banned all anonymous prepaid cards in European Union
Click to expand...

Is this a question in regards to Mister Tango?

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