China

Details

  • Service: Advisory, Risk Consulting, Management Consulting
  • Type: Business and industry issue, Publication series
  • Date: 9/14/2012

Quarterly Business Update: Payments Transformation - Issue 2, September 2012 (Part One) 

Cash is the most popular means of payment in China, but this has not prevented several varieties of alternative payment mechanisms being introduced since 2001, including prepaid cards issued by retail stores, top-up cards from telecommunications companies, and some credit cards. While cash remains the most popular means of exchange in China, we are seeing a rapid shift towards electronic payment methods.

 

In this Issue:

3rd Party Payment Licensing – What You Need to Know
History of Payments Regulation
Continued Government Support
What do the Licenses Permit Holders to do?
 

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