Mandates and payments roundup, March 15

Citi signs new partnership with China UnionPay

Citi and China UnionPay have announced a new partnership which will allow Citibank merchants to accept China UnionPay cards from UnionPay cardholders. UnionPay users will now be able to use their cards at Citibank merchants in India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

“As Citi continues to invest and grow in China, we are delighted to be extending our close partnership with China UnionPay,” said Surath Chatterjee, Asia-Pacific regional head of credit cards and personal loans at Citi, in a statement. “Tourism and travel out of China continues to grow, and there is...