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Online payment processing in China represents a major opportunity for foreign-based financial services firms. However, as we discussed in our previous blog post, foreign-based financial services firms are required to follow strict regulations, as outlined by the People’s Bank of
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Why China? Online sales are on the rise in China. According to data from eMarketer, 2021’s online sales represented 52.1% of all retail sales in China. This is an 18% increase from 2019 when online sales only accounted for 34.1%