The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could have an impact on the dominance of Ant Financial and Tencent.
The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could have an impact on the dominance of Ant Financial and Tencent.