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mobilepaymentstoday

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subject: Is China’s QR-code ban about security or lost revenue?

China’s central bank recently suspended mobile payments initiated through QR codes amid security concerns regarding the identification process involved with those transactions. The bank’s decision immediately affects China’s two largest third-party mobile-payments providers in Alibaba Group Holding, which operates Alipay, and Tencent Holdings Ltd. On the surface, the bank’s edict could very well be based […]