Exclusive: PBOC Backtracks on ‘No Interest’ Policy for Third-Party Payment Providers

2020年01月07日 20:15 来源于财新网

Some 237 firms including WeChat Pay and Alipay are now earning interest on client funds they are forced to park at the central bank

: Although the move was widely expected, the interest rate of 0.35% is about half of what the industry was hoping for.

China’s central bank has finally bestowed some good news on the third-party payment industry after a two-year campaign to tighten oversight of the booming sector as part of a broader initiative to combat fraud and curb financial risk.

版面编辑：喻竹杨洋

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