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>> BANK OF JAPAN Latest News

MAR 14, 2014 - Zero Hedge

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Chinese Authorities Halt Virtual Credit Card Payments; Tencent, Yahoo Crashing

The PBOC issued a statement today, according to 21st Century Business Herald, that halts virtual credit card products and "face-to-face" payment services such as QR code payment: *PBOC HALTS QR CODE PAYMENT: 21ST HERALD *PBOC HALTS VIRTUAL CREDIT CARDS BY ALIPAY, TENCENT: 21ST HERALD Tencent is down over 5% and Yahoo was dumped in morning trading in Japan (on the back of Alibaba's Alipay service being affected).   21st Century Business Herald reports: March 13, the central bank issued an urgent document halt Alipay, Tencent's virtual credit card products, but stopped ... Read More

Tags: Chinese Authorities Halt Virtual Credit Card Payments; Tencent, Yahoo Crashing,  Bank Of Japan Latest News