China opens up its payments market to foreign companies

21. March 2018.

“Foreign players can start applying for payment licenses and will be treated the same as local firms, the People’s Bank of China said in a statement on Wednesday. Applicants must set up local units, establish payment infrastructure — including disaster recovery systems — and store client information domestically, the central bank said.”

Read the rest of China opens up its payments market to foreign companies at NFC World.

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