Marbridge Daily

<- April 28, 2008 ->

PBC to Regulate Emerging Payment Services

China Business News, 4/26/08

Su Ning, deputy governor of the People's Bank of China, says that the PBC will introduce regulations on the management of payment services, in order to set clear guidelines for entry and exit conditions for non-financial payment organizations, rules for services, risk prevention, internal controls, and external monitoring. The new regulations will regularize multi-use bank cards, third-party online payments, mobile payments, phone payments, and other emerging payment services.

 
Keywords: mobile payment, online payment, wireless, Internet, Su Ning, Bank of China, telecom, regulation, e-payment

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