In 2016, US$5.5 trillion worth of transactions were carried out via mobile payment systems in mainland China. Photo: Imaginechina

China’s central bank tightens security in US$5.5 trillion QR code payment services

From April, high-value transactions will be subject to multi-level verification, as service providers told to better protect users

Topic |   China economy

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In 2016, US$5.5 trillion worth of transactions were carried out via mobile payment systems in mainland China. Photo: Imaginechina
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