"A Chinese woman boarding a flight to Hong Kong to come to the United States was apprehended by border control authorities. She had wrapped her body in so much cash that she could barely walk and I think that tipped them off,? Asia Society?s Vice President of Global Programs Bruce Pickering told Yahoo Finance."
"Pickering says UnionPay cards can only be used for smaller purchases in the United States but are readily accepted elsewhere. ?In countries like Canada, for example, you can actually buy real estate just by swiping your card and it?s been an easy way to facilitate cash transfers,? he says. "
source:http://finance.yahoo.com/news/china...pital-controls-unionpay-credit-200244370.html
"Pickering says UnionPay cards can only be used for smaller purchases in the United States but are readily accepted elsewhere. ?In countries like Canada, for example, you can actually buy real estate just by swiping your card and it?s been an easy way to facilitate cash transfers,? he says. "
source:http://finance.yahoo.com/news/china...pital-controls-unionpay-credit-200244370.html