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The Industrial and Commercial Bank of China, or ICBC, issued some 39 million credit cards as of the end of last year, up 66.7% from 23.4 million a year earlier, the bank says in a statement. The bank's customers spent 255 billion yuan (US$37.3 billion or 27.2 billion euros) with their credit cards last year, up 57.5% from 161.9 billion yuan in 2007. The bank last year began issuing credit cards motorists could use to pay highway tolls. The bank also began issuing Visa-branded credit cards that enable consumers to make contact and contactless purchases, making the bank among the first to issue dual-interface credit cards in China.

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