China Allows Overseas Firms to Operate in its $27 Trillion Payment Market

Original Source    2018-03-22 13:03

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For the first time in history, the Chinese government and its central bank, the People’s Bank of China (PBoC), has opened its $27 trillion payment market to the world. Foreign firms are now allowed to apply for licenses to operate within China, competing against local service providers. Freedom For Foreign Fir…

Original Source