China’s new e-payment rules rule out Paypal, Yahoo, Google, Softbank

08 Jul 2010
Internet companies in China breathed a collective sigh of relief in late June when the nation’s central bank, the People's Bank of China (PBOC), issued a set of long-awaited regulations on third-party payment services. The regulations did not, as some had feared, ban non-bank payment service providers from offering such services. However, the regulations ban foreign-owned companies with e-payment


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Jim Townsend