Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

China to expand mobile payment application scenarios, PBOC

April 24, 2020


Abstract : China will try to expand application scenarios of mobile payment and optimize infrastructure to support its development, the People's Bank of China (PBOC) said on Thursday.

BEIJING, April 24 (Xinhua) -- China will try to expand application scenarios of mobile payment and optimize infrastructure to support its development, the People's Bank of China (PBOC) said on Thursday.

According to the payment and settlement work conference held by PBOC, efforts should be made to enhance payment system management and give a full display of payment system's role in promoting high-quality economic development.

Innovation is encouraged to safeguard fair competition and ensure a sustainable development of payment industry.

In the meantime, China will crack down on cross-boarder gambling and telecom scam in an all-out effort, adhere to the bottom line of capital security, and strengthen risk control in the payment field.

The payment industry should strive to improve its service level and assist enterprises' efforts to resume work. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: payment PBOC

Reading:

Thai Commerce Ministry uses digital platforms to create 10 new business models

More Chinese small firms to get loans with taxpaying records

Hubei takes measures to support construction industry recovery amid epidemic

China ramps up financial support to accelerate manufacturing recovery amid epidemic

Economic Watch: With key rate cuts, China ramps up stimulus to bolster economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial