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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    China allows foreigners to enter the payment systems market

    Rocky
    Rocky
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    payment - China allows foreigners to enter the payment systems market Empty China allows foreigners to enter the payment systems market

    Post by Rocky Wed 21 Mar 2018, 9:31 am

    China allows foreigners to enter the payment systems market






    2018/03/21 15:32


    (Encyclopedia of this Day News | Iraq News ) - Direct: China revealed that it would allow foreign companies Adjul payments market is estimated to have a 27 trillion dollars, in a move aimed at increasing the second largest economic market in the world opening up.

    People's Bank of China said Wednesday that foreign investors can start applying for licenses to set up payment systems and will be treated as domestic companies.

    Those applying for licenses should establish local units and build a payment infrastructure, including crisis recovery systems, and store customer information locally, the bank said.

    China's payment companies had operations worth 169 trillion yuan ($ 27 trillion) last year, nine times higher than in 2013.

    To allow foreign companies to enter a payment market through specific regulations helps to increase innovation, creates a fair environment for companies and develops payment providers' services.

    This week, the Chinese parliament decided to appoint Yi Yang as president of the People's Bank, after Zhou Xiaochuan, the former president, took office for 15 years.


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      Current date/time is Thu 28 Mar 2024, 9:30 am