MasterCard, rural co-operatives in Zhejiang launch credit card

MasterCard Inc and Rural Credit Cooperatives in Zhejiang province have jointly launched the Fengshou Card, the first rural credit card issued by provincial cooperatives in China, in a move they said further advances financial innovation and inclusive financial services in the countryside.

The State Council in January promised to make banking and lending services more inclusive, meaning making them more accessible to ordinary people, especially in remote areas.

The first Fengshou card, or literally Harvest Card, was issued in Yiwu in the province.