What's New in Payments

China targets mobile payments oligopoly with clearing mandate

China targets mobile payments oligopoly with clearing mandate — Financial Times — “China’s central bank has ordered online payment groups to operate through a centralised clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors… The latest PBoC instructions require all payment companies to connect to the clearing house by October 15 and to channel all payments through it by June 30.”











Feed for stories featuring People's Bank of China (PBOC).

• Find a list of all the companies and other organisations that have been featured in NFCW in our directory.