China Modifies Regulations for Mobile Payment Platforms

Source: ARK Disrupt Issue 132: July 9, 2018. By @bhavanaARK Earlier this year the Central Bank of China issued regulations for the financial services industry that it appended last week for mobile payment platforms. The appended regulations include the following: New ceilings on mobile payments per transaction: Based on customer credit profiles, each transaction is limited to 500 yuan ($77), 1000 yuan […]