ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China caps store mobile payments at $80

New daily ceilings gum up the wheels of commerce and add to costs

Printed QR codes are widely used to pay for items at retail stores in China.

SHANGHAI -- China has imposed daily limits on smartphone-based payments in the name of combating fraud, spurring cost concerns among vendors and inconveniencing consumers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more