PBOC requires non-bank payment institutions to settle online transactions through a new platform | Practical Law

PBOC requires non-bank payment institutions to settle online transactions through a new platform | Practical Law

China's central bank has issued a notice requiring third-party non-bank payment institutions to settle all online payment transactions through a centralised network platform from 30 June 2018.

PBOC requires non-bank payment institutions to settle online transactions through a new platform

Law stated as at 17 Aug 2017China
China's central bank has issued a notice requiring third-party non-bank payment institutions to settle all online payment transactions through a centralised network platform from 30 June 2018.