Trivium Neopol - Tech | Trivium China 21 Jan 2021

Central bank takes aim at payment companies

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On Wednesday, the central bank (PBoC) issued draft rules for non-bank payment companies.

The goal: To curb monopolistic practices in the third-party payments industry.

Chinese payments giants could be broken up (Bloomberg):

“[A]ny non-bank payment company with half of the market ...


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