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Citi Exits UnionPay Network in China After Retail Bank Closure

Summary by Bloomberg
Citigroup Inc. has exited from a key payment network in China after it closed its retail banking business in the nation.

2 Articles

Caixin GlobalCaixin Global
Lean Right

Citi Ends UnionPay Membership Amid China Consumer Banking Retreat

Citi Ends UnionPay Membership Amid China Consumer Banking Retreat - U.S. bank ends membership in state card network after closing consumer business, focusing instead on corporate clients

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BloombergBloomberg
Lean Left

Citi Exits UnionPay Network in China After Retail Bank Closure

Citigroup Inc. has exited from a key payment network in China after it closed its retail banking business in the nation.

·United States
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Bloomberg broke the news in United States on Friday, September 5, 2025.
Sources are mostly out of (0)
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