PBOC

Chinese Central Bank Whacks Third Party Wallets Over Bad Practices

Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
September 17, 2014  |  Cross-border Payments

China’s central bank has punished four payment processors for mishandling bank-card transactions. The processors — ChinaPNR, Fuiou, Yeepay and VBill — will stop doing business...

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