Regulation of Payment Services in China

Understanding the payments regulatory environment in China—both the existing regime and pending developments—is essential for companies engaged in cross-border payments activities (particularly non-financial institutions). At the recent 2016 Digital Payments Intensive in London, DWT Payments team member Vincent Wang, a partner in our Shanghai office,* offered insight on regulations and trends in the China market as they pertain to:

• Payments through networks
• Prepaid cards
• Cross-border payments
• Internet-based financial services

View his presentation here.

*Our Shanghai office closed in 2018.