PayPal officially entered the payment service market in China, which has a lot of significance. First of all, achieving unified access standards and regulatory requirements for domestic and foreign payment institutions will help foster new competitive advantages driven by innovation and further optimize the payment industry structure.
Appropriately introducing foreign payment institutions is conducive to creating a fair competitive market environment, improving the efficiency of resource allocation and improving the service level of payment institutions and payment industry. Expanding the two-way opening of the payment and clearing market is conducive to deepening the reform of China's payment service market, accelerating innovation and transformation, improving system construction, and expanding and deepening the opening up of the financial industry.
Tips: The above information is for reference only. If you have any questions, please call its official customer service hotline.
Reply time: 2021-11-25. Please refer to the latest business changes announced by Ping An Bank in official website.