Renren to Pioneer Social Credit Card with China Merchant Back

Somehow, it is hard for me to imagine a credit card feature in China. Yet, the credit card program will have a global influence as a test to see if the combination of credit card, social, location and mobile services will work.

A social networking credit card will arrive on the market this July. It’s a program that wants to prove that social networking is increasingly penetrating people’s lives. China Merchants Bank , which is consider one of the main commercial bank in China, and Renren, the top social networking internet platform in China from China, plan to issue a co-branded “Renren CMB” credit card with social features.

Somehow, it is hard for me to imagine a credit card feature in China. Yet, the credit card program will have a global influence as a test to see if the combination of credit card, social, location and mobile services will work.