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Smarter Cities

11 Smart Cities Around The World

11 Smart Cities Around The World

There is a long and healthy tradition of "sister cities," where municipal leaders from different countries build ongoing relationships and exchange ideas.

The same spirit drives this Smarter Cities series, the second installment of our Worldcrunch Impact solutions journalism initiative. For experts in the field, a "smart city" may refer to those using the latest technology to improve urban planning and infrastructure, though we take a somewhat broader interpretation of the term to include policy and ideas that deserve attention for their...intelligence.

Here is a rapid tour of 11 smart cities around the world and how they make a difference in the lives of their residents.

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Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

Economy

How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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