PBOC educates public online payment safety through a nationwide campaign

CHINA: According to a report by Xinhua, the People’s Bank of China (PBOC), the country’s central bank, last week has started a nationwide campaign to promote online payment safety which involves over 40 banks and 30 online payment companies.

The campaign was initiated after PBOC found 40 per cent of the 221 million people who use online payments regularly do not pay enough attention to safety, while another 40 per cent ignore possible risks when problems occur.