China’s central bank to begin testing QR code payments registration and settlement regulations from April

2. January 2018.

“The People’s Bank of China (PBOC) announced plans Wednesday to regulate QR code payment to contain risks arising from the popular service. Payment institutions must obtain proper permits to offer barcode-based payment services, according to a document released by the PBOC. Both banks and non-banking payment institutions must channel cross-bank transactions involving barcodes through the […]

Read the rest of China’s central bank to begin testing QR code payments registration and settlement regulations from April at NFC World.

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