Further reform efforts to make the financial markets more open and receptive are a crucial step towards a flexible and internationally used currency. To this end, Zhou Xiaochan, the Governor of the People’s Bank of China, assured participants at an IMF committee meeting that major structural reforms in the financial markets would be pushed forward.
The sectors not keeping pace with the introduction of payment terminals have since also started using them, and smaller amounts can now be paid by debit card virtually everywhere. Yet more debit card payments And today the era of the 2014 PIN Agreement has started. One billion extra debit card payments should definitely be feasible by 2018.