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Good Policies Stimulate The Market! China’s POS Industry Enters An Outbreak In 2018

November 6, 2017

The year 2017 is a good year for the entire payment industry. In the coming 2018, SUNANY is still full of confidence for the new wave of payment.

1. The Central Bank has launched a New Deal to strengthen the regulation of bar code payments, whether it is limits, restrictions on credit cards, or restrictions on unfair competition. All will usher in new development opportunities for the POS acquiring industry!

2. All payment company’s online transactions will have to be connected to the network, and the new regulations will inevitably limit the illegal operations. Scan code payment industry will be re-cleaned;

3. The online payment limit and other measures will greatly stimulate the rapid development of POS machines;

4. The unlicensed payment business will be severely cracked down. The central bank has already taken off. The next year will be a critical moment for official action. As of today, dozens of no-card payments have been closed.

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