The Payment & Clearing Association of China (PCAC) issued its “2020 Payments and Settlement Illegal and Illicit Conduct Key Reporting Items” (2020年支付结算违法违规行为重点举报事项的公告) on 9 March.
The entry of payments giant PayPal into the Chinese market is expected to further winnow out smaller players in the sector.
The Payment & Clearing Association of China (PCAC) has announced the official launch of a new system for collecting data on the operations of its member institutions.
A new report from the Chinese central bank on the domestic payments sector points to surging growth in mobile payments in 2018.
The reserve funds of China’s third party payments provider have seen a sharp decline after coming under centralised management by the People’s Bank of China (PBOC).
The People’s Bank of China (PBOC) is keeping up the pressure on the Chinese payments sector with the issuance of fines worth more than a million yuan to ten Shanghai-based payments companies.
A senior official from the Chinese central bank has flagged the normalisation of stricter regulation of the payments sector in future.
The Payment & Clearing Association of China (PCAC) has summoned nine of the country’s payments companies to discuss potential regulatory breaches and risk issues.
The People’s Bank of China (PBOC) is keeping up the pressure on the country’s payments sector with the issuance of a hefty fine to Shanghai-based Sandpay.
The world’s largest mobile payments platform and the world’s largest card payment organisation have entered a new cooperative partnership.