China’s central bank caps static QR code transactions at US$76

2. January 2018.

“The regulations will initially cap payments by traditional QR codes to 500 yuan, or about US$76. When additional security measures are applied, the cap can raise to 5,000 yuan, or around U$765. At an even higher security level, banks and payment processors are given discretion over the cap.”

Read the rest of China’s central bank caps static QR code transactions at US$76 at NFC World.

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