Code crackdown: China payments restrictions to hit profits

BEIJING (Reuters) - A decision by China's central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia's biggest tech firms move money.

from Reuters: Top News http://uk.reuters.com/article/uk-china-pboc-payments-analysis/code-crackdown-china-payments-restrictions-to-hit-profits-idUKKBN1EU0GZ?feedType=RSS&feedName=topNews