It is understood that the global joint innovation cooperation between ICBC Credit Card and MasterCard will be carried out in three major areas: innovation incentive, innovation upgrade and innovation empowerment:
1. Innovation Incentive: ICBC Credit Card will become a cooperative member of MasterCard's "Entrepreneurial Express Train" project committee, which will help the project to better provide all-round professional support from operation, advertising to investment, and also help China start-ups to achieve accelerated growth more effectively with innovative strength.
II. Innovation and upgrading: Hundreds of prototype technologies developed by MasterCard Innovation Lab and the leading technical strength of MasterCard Operation Technology Department will support ICBC Credit Card to incubate and develop more innovative products, enhance consumption experience and promote consumption upgrading. The two sides will first make efforts on tax refund solutions and cross-border installment services, and strive to achieve breakthroughs in innovation and upgrading.
Third, innovation and empowerment: ICBC Credit Card and MasterCard will achieve further resource integration and complementary advantages in the future, giving both parties more kinetic energy, jointly promoting the reform of digital payment, and creating a smarter, safer and more convenient innovative payment experience.
The relevant person in charge of ICBC's credit card said that innovation is an inexhaustible motive force for the payment industry to stand at the forefront and develop continuously. ICBC Credit Card and MasterCard International will take this global joint innovation cooperation as an opportunity to further strengthen complementary advantages, resource sharing and technology interoperability, make full use of the new power of financial technology, empower the innovation and upgrading of the payment industry, add icing on the cake to the beautiful life people yearn for, and make new and greater contributions to serving the real economy and people's livelihood.
Ling Hai, co-president of MasterCard Asia Pacific, said that MasterCard could not take root in China without the support of the company and its banking partners. ICBC Credit Card is one of MasterCard's closest partners, and we have jointly created and witnessed many milestones. Empowering partners and working together for a win-win situation is the unremitting pursuit of MasterCard. "Facing the rapidly changing market environment, we expect that this innovative strategic cooperation will further push both sides to seize new opportunities in the new era and set off a new economic wave!"