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Shanghai to support payment services providers
By Pan Xiaoyi |
November 23, 2010, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S financial, taxation and commerce authorities are studying preferential policies to support the sustainable development of third-party payment services in the city, government officials said today.
Shanghai has drafted a plan to shore up local third-party payment services providers and will seek opinions from those companies soon before unveiling the details, Shanghai Financial Services Office said today.
The local government agencies will help Shanghai-based third-party payment providers to gain business licenses from the People's Bank of China, officials from the office said a in report to the local committee of the Chinese People's Political Consultative Conference, the country's top advisory body.
In this June, the People's Bank of China stipulated that all non-financial institutions must seek central approval to do the business by August 31 next year to run third-party payment platforms as it beefs up efforts to control risks in the sector.
As of September 17, a total of 74 non-financial companies from Shanghai have submitted applications for payment services, accounting for one-third of the total nationwide, according to the central bank.
Shanghai has drafted a plan to shore up local third-party payment services providers and will seek opinions from those companies soon before unveiling the details, Shanghai Financial Services Office said today.
The local government agencies will help Shanghai-based third-party payment providers to gain business licenses from the People's Bank of China, officials from the office said a in report to the local committee of the Chinese People's Political Consultative Conference, the country's top advisory body.
In this June, the People's Bank of China stipulated that all non-financial institutions must seek central approval to do the business by August 31 next year to run third-party payment platforms as it beefs up efforts to control risks in the sector.
As of September 17, a total of 74 non-financial companies from Shanghai have submitted applications for payment services, accounting for one-third of the total nationwide, according to the central bank.
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