UnionPay, Bank of China and BOCOM Launch Green Low Carbon Action League in Beijing

Payments giant China UnionPay has teamed up with leading financial institutions to launch a new green low carbon initiative in the capital city of Beijing. On 12 April the "Green Beijing Low Carbon Travel" (绿色北京 低碳出行) Action Alliance was launched by UnionPay, in partnership with a range of financial institutions and enterprises including Bank of China and Bank of Communications, as well as Ruubypay, Yili Group and WuMart. The Alliance is reportedly the first "cross-enterprise, cross-industry green low carbon initiative" to be launched in Beijing, and has the goal of "integrating the resources and strengths of all members to promote…