Welcome to a cardless society

Now you cannot find POS on either Taobao or JD, 2 large ecommerce sites in China. This comes after a notice issued by the PBoC recently banning the online sales of POS and other types of terminals. News has shown that transactions done in Wechat Pay or Paypal generated code experienced a spike during the past national holiday. A company called 和兴付 is a leader in the QR Code payment industry.

See http://www.vdai.com/article/11810.html


Interestingly, not much information about the company is available online.