MasterCard exec likes Chinese market for virtual cards

01/7/2011 | Bloomberg

MasterCard soon could help Chinese consumers make online purchases from foreign retailers, said Hai Ling, the company's Greater China president. Ling said the market for virtual cards, which allow users to make one-time purchases from an overseas websites, is huge in China. "For this space, I think it's going to be in the millions easily in the next five years," he said.

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