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

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
Sidney Leng
Sidney Leng

Updated: 3:54pm, 8 Jan, 2018

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