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]

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]

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 🙁.

 

[Milky Moon]

Nope: China UnionPay to enter European market

Starts issueing in December for continental Europe.

 

[KJK]

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 and︁ blocked them. Also some AML directive basically banned all anonymous prepaid cards in European Union︂

 

[JohnLocke]

has this relevance to Mister Tango?

has this relevance to Mister Tango?

Is this a question in regards to Mister︃ Tango?