Visa to Double Market Share in China
China's People's Daily Online reports on Visa's plans to grow in China.
Jim Allhusen, Visa International's executive vice-president for Asia-Pacific and general manager of Greater China region and the Philippines, said yesterday the company would leverage on its sponsorship of the Beijing Olympics.
Against competitors such as MasterCard and American Express as well as traveller's cheques and cash, Visa expects to double the 7.8 per cent market share it recorded in the world's seventh-largest tourist destination last year.
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