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China’s central bank tightens security in US$5.5 trillion QR code payment services | South China Morning Post

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"As well as the changes to the verification requirements, the new rules, which come into force on April 1, stipulate that all companies providing bar code-based payment services must obtain both an online payment licence and a bank card receipt business licence, and that all cross-bank transactions involving bar codes must be channelled through the PBOC’s or other approved clearing system."

From "China’s central bank tightens security in US$5.5 trillion QR code payment services | South China Morning Post".

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