China Payments Research

A recording of Atlas Technologies Singapore’s Prepaid Cards in China webinar is now available for viewing on Atlas Technologies Singapore.com. To access the recording, click on the webinar link at the top of the website.

Recently, a WTO dispute panel, in response to the recent US complaint, said China is breaking the WTO rules by maintaining CUP as a monopoly supplier for the clearing of certain types of RMB-denominated payment card transactions. The specific areas where the panel determined that China had discriminated against foreign…

Trend 1: Fourth Round of Payment Licenses If you remember from our previous commentaries, in 2011, the People’s Bank of China (PBOC) mandated that any company providing payment products or services be licensed in order to operate. This brought a much needed dose of regulation to what was previously quite…