China allows foreigners to enter $27tn payments market[1] — Bloomberg — “Foreign players can start applying for payment licenses and will be treated the same as local firms, the People’s Bank of China said in a statement on Wednesday. Applicants must set up local units, establish payment infrastructure — including disaster recovery systems — and store client information domestically, the central bank said.”
References
- ^ Open 'China allows foreigners to enter $27tn payments market' in a new tab (www.bloomberg.com)
