FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: PBOC To Support Foreign Visitors' Digital Payments

MNI (Singapore)
(MNI)Beijing

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.

In 2023, four million inbound travelers used mobile payments in China, with the number of transactions exceeding 70 million, totaling over CNY10 billion, Zhang said.

Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True

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.