On Payments: another 12 non-bank payment institutions’ renewed licenses
On August 29, the PBOC published the second list of non-bank payment institutions that have their licenses successfully renewed. On August 12, the PBOC released the first list of non-bank payment institutions that it has approved for license renewal, with the adjustment of these institutions’ scope of business. As the previous decision, yesterday’s list also require change of business models for some institutions.
See http://www.pbc.gov.cn/rmyh/105208/3130207/index.html for the list of institutions.
Updates from 8/29/2016