Re-Shuffle Of the Third Party Payment Market by the Measures for the Administration of Non-Financial Institution Payment Services
|by Yi Xue|
Zhong Lun Law Firm - Beijing Office
|July 10, 2012|
A decree was published by the People’s Bank of China on 21 June, 2010 for the purpose of regulating the behaviors of non-financial institutions in providing payment services, the Measures for the Administration of Non-financial Institution Payment Services (hereinafter referred to as the Measures) was promulgated and shall come into force as of 1 September 2010.
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
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