Deputy People’s Bank of China (PBOC) governor Fan Yifei was speaking at the China Payment and Clearing Forum in Beijing on Friday. Photo: Simon Song
Deputy People’s Bank of China (PBOC) governor Fan Yifei was speaking at the China Payment and Clearing Forum in Beijing on Friday. Photo: Simon Song

China to ‘deepen’ antitrust probe into mobile payment sector despite ‘interim progress’

  • The People’s Bank of China (PBOC) supports platforms to focus on their core businesses and innovation, said deputy governor Fan Yifei on Friday
  • WeChat Pay and Alipay dominate mobile payment in China, with non-banking agencies handling 294.6 trillion yuan (US$45.6 trillion) worth of transactions last year

Topic |   Mobile payments
Deputy People’s Bank of China (PBOC) governor Fan Yifei was speaking at the China Payment and Clearing Forum in Beijing on Friday. Photo: Simon Song
Deputy People’s Bank of China (PBOC) governor Fan Yifei was speaking at the China Payment and Clearing Forum in Beijing on Friday. Photo: Simon Song
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