PANews
PANews|Oct 19, 2025 07:31
[Head of the Payment and Settlement Department of the People's Bank of China: Will Continue to Improve the Cross-Border Payment System for the Renminbi] According to Jinshi News, the head of the Payment and Settlement Department of the People's Bank of China stated that, through joint efforts from all parties, a diversified payment service system featuring parallel development and mutual complementarity of payment methods such as bank cards, mobile payments, and cash has initially taken shape. The convenience of payments for foreign nationals visiting China has significantly improved. Foreign nationals' awareness and acceptance of China's mobile payment systems continue to grow, and 'scanning to pay' has become their primary payment method. Statistics show that in the first half of 2025, the number of active mobile payment users among inbound visitors exceeded 10 million, with transaction volume and value increasing by 162% and 149% year-on-year, respectively. Next, the People's Bank of China will continue to improve the cross-border payment system for the Renminbi, deepen open cooperation in the field of cross-border payments, ensure the stable operation of payment infrastructure, uphold strict regulation of the payment industry, and consistently optimize payment services in a sustainable and effective manner. This will better serve the construction of a financially strong nation and contribute to achieving Chinese-style modernization.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads