Arab Today, arab today online payment most problematic internet finance service
Last Updated : GMT 15:39:12
Arab Today, arab today
Arab Today, arab today

Online payment most problematic Internet finance service

Arab Today, arab today

Arab Today, arab today Online payment most problematic Internet finance service

Online payment
Beijing - XINHUA

Online payment was most complained about in the Internet finance sector, according to the central bank on Friday.

More than 95 percent of customer complaints regarding Internet finance services were about online payment, according to the People's Bank of China (PBOC).

Third-party online payment platforms offer convenient channels for illegal activities, such as money laundering, as accounts are not based on real names.

Meanwhile, poor information protection for some online payment institutions threatened customer privacy.

A new security regulation on third-party payments has stirred big controversy in China, with critics saying it compromises convenience for the interest of state-backed banks.

In a draft regulation released in late July, the central bank proposed limiting the amount shoppers could pay through third-party online payment accounts to between 1,000 yuan (163.5 U.S. dollars) and 5,000 yuan per day, depending on the system's security checks.

Authorities with PBOC pointed out that it is necessary to enhance privacy protection and regulate online payment services to ensure safe consumption.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today online payment most problematic internet finance service Arab Today, arab today online payment most problematic internet finance service

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today online payment most problematic internet finance service Arab Today, arab today online payment most problematic internet finance service

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Media: انترنت
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday