Mandates and payments roundup, June 21

China Merchants Bank to offer new social credit card, while Bank Mandiri orders 40,000 new payment terminals.

China Merchants Bank to partner with Renren for new card

China Merchants Bank has teamed up with Renren, the China-based social networking internet platform that completed its US IPO at the beginning of May, to issue a new credit card. The new social credit card, co-branded as the Renren CMB credit card, will have additional social, location and mobile services and features.

“Social networking is increasingly penetrating many aspects of people’s lives,”...

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