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China May Issue Third-Party Payment Licenses This Year

The Beijing News, 11/30/10

Ouyang Weimin, head of the payment settlement department of the People's Bank of China (PBoC), stated that it was "entirely possible" that some third-party payment licenses would be issued this year, in response to questions by interviewers at the 4th Annual China Electronic Banking Summit. Read More

3rd-Parties Excluded in China's New Payment System

Sohu IT, 5/10/10

Ouyang Weimin, director-general of the payment system department of the People's Bank of China (PBoC), recently said that ongoing market rumors of a "super online bank" are false, and that the PBoC's launch of its second-generation online payment system will have no great impact on third-party payment platforms. Read More