China expands third-party payment scope
Updated: 2012-06-29 15:51
By Gao Yuan (chinadaily.com.cn)
|
||||||||
China's banking regulator on June 28 gave the first batch of third-party payment licenses to companies providing payment services through digital TV platforms.
The move is expected to further expand China's self-service payment sector.
Four companies - including one backed by China UnionPay Co Ltd, the nation's only homegrown credit card network - were granted the licenses, the People's Bank of China said on its website.
The central bank also awarded 91 licenses to online payment companies on June 28, increasing the total number of eligible companies to 196. It was the fourth time that the PBOC granted such licenses since mid-2011.
This could be the last time that the central bank provides so many licenses at once, reported local newspaper Beijing Times.
"The PBOC is not likely to grant this many licenses at a time," the newspaper quoted Guan Guoguang, CEO of online payment platform 99Bill.com, as saying.
gaoyuan@chinadaily.com.cn
- Mobile payments could replace cash, cards
- China's credit card payment up 48% in 2011
- China's Q1 online payment volume hits $123b
- Online payment surpasses 780b yuan in 2011
- China 2011 online payment surpasses $124b
- Online payment services' receipts soar
- China to improve payment services in rural areas
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |