MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: PBOC To Support Foreign Visitors' Digital Payments

MNI (Singapore)
(MNI)Beijing
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True

The People’s Bank of China will facilitate mobile payments for foreign visitors by simplifying processes for linking overseas bank cards to mobile payment applications and increasing payment limits, said Zhang Qingsong, deputy governor of the PBOC told reporters on Friday.

The Bank will guide major platforms including Alipay and Tenpay to increase limits for single transactions for foreign nationals using mobile payments from USD1,000 to USD5,000, and the annual cumulative transaction limit from USD10,000 to USD50,000, Zhang said, noting that protection of personal information should be a priority.

Keep reading...Show less
111 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The People’s Bank of China will facilitate mobile payments for foreign visitors by simplifying processes for linking overseas bank cards to mobile payment applications and increasing payment limits, said Zhang Qingsong, deputy governor of the PBOC told reporters on Friday.

The Bank will guide major platforms including Alipay and Tenpay to increase limits for single transactions for foreign nationals using mobile payments from USD1,000 to USD5,000, and the annual cumulative transaction limit from USD10,000 to USD50,000, Zhang said, noting that protection of personal information should be a priority.

Keep reading...Show less