CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

Visa Inc., MasterCard Inc. and American Express Co. were among companies to win partial support from World Trade Organization judges in a U.S. claim that China unfairly restrains the payment processors.

 

WTO judges in Geneva yesterday agreed with the U.S. that China unfairly discriminates against foreign suppliers of electronic-payment services by imposing requirements on them that aren’t applied to domestic companies. They rejected the U.S. argument that China UnionPay Data Co., the world’s fastest- growing bank-card network, monopolizes the handling of domestic- currency payment-card transactions.