MasterCard taps outbound tourism market
Updated: 2013-03-08 16:42
By Hu Yuanyuan (chinadaily.com.cn)
The two companies launched a traveler's cheque product named Cash Passport, allowing those who have no credit card to travel abroad in a more convenient way.
Customers can buy the product at outlets of the Agricultural Bank of China.
Industry data showed that 80 million Chinese tourists went abroad in 2012, up 15 percent year-on-year, indicating an increasing demand for cross-border financial products.