Five third-party payment firms have received the green light to handle yuan-denominated cross-border payment in Shanghai's free trade zone, the Shanghai branch of China's central bank said on Tuesday.
China's online population made an estimated loss of 149.15 billion yuan (24.42 billion U.S. dollars) in 2013 by falling victim to Internet-based scams, according to an Internet Society of China (ISC) survey on Wednesday.
More Chinese consumers are making payments via mobile devices and the size of the market is expected to exceed 800 billion yuan (130.4 billion U.S. dollars) this year, more than five times the volume in 2012, a report has revealed.
Hong Kong issued a public consultation paper on May 22 aiming to enhance the regulatory regime for stored value facilities and retail payment systems in the city.
Myanmar has taken measures to introduce international electronic payment services, bringing in so far three international payment cards to facilitate foreign travelers in domestic payment in preparation of the upcoming Myanmar-host 27th Southeast Asian (SEA) Games in December this year.
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