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Numerous companies of all sizes are likely to close as banks cut back on issuing credit.
That meant endless negotiations with the thousands of banks issuing credit cards.
"Isn't this a trap by issuing credit cards to students?" Mr. Yuan asked.
Banks are aggressively issuing credit cards, offering discounts and interest-free payment plans stretching up to 50 months.
Fortunately, American banks have recently begun issuing credit cards that are more widely accepted around the world.
First, a shift into banking will reduce its reliance on the slow-growing, competitive business of issuing credit cards.
Similar(17)
Nonetheless, the government of Papua New Guinea has apparently been issuing credits.
The bank does not issue credit cards, only debit cards.
Many banks issue credit cards to customers and act as issuing banks.
Banks do not issue credit cards, and shops do not accept them.
It has joined partnerships with companies like Visa and MasterCard and with local banks to issue credit cards.
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