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

【Financial Str. Release】China central bank extends payment biz licenses of 24 non-banking institutions including Alipay

May 14, 2021


Abstract : Chinese central bank, the People's Bank of China (PBOC) extended the payment business licenses of 24 non-banking payment institutions, reported Xinhua-run Xinhua Finance citing an announcement posted on PBOC's website Thursday.

0514-1.png

BEIJING, May 14 (Xinhua) -- Chinese central bank, the People's Bank of China (PBOC) extended the payment business licenses of 24 non-banking payment institutions, reported Xinhua-run Xinhua Finance citing an announcement posted on PBOC's website Thursday.

PBOC said that the previous payment business licenses of 27 non-banking payment institutions have come due on May 2.

Upon their applications for extension, PBOC decided to permit the extension, with the new 5-year payment business licenses for the 24 non-banking payment companies valid from May 3, 2021 to May 2, 2026.

According to PBOC, reputed large third party payment firms in China such as Alipay (China) Network Technology Co., Ltd., China UnionPay Merchant Services Co., Ltd., and Tenpay Payment Technology Co., Ltd. are included in the 24 companies that have obtained the extended payment business licenses. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Alipay China central bank non-banking payment institutions Financial Str. Release payment business license

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