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  • China restricts mobile payments
  • China restricts mobile payments
    techinasia.com ©
SIGNAL

China restricts mobile payments

While China’s e-commerce sector is one of the largest in the world, The People’s Bank of China has restricted its growth by banning epayments via QR codes and online ‘virtual’ credit cards. The ruling will hit Tencent’s WeChat and Alibaba’s Alipay the hardest.