[HIGHLIGHTS] Central Bank: Increase the single transaction limit for foreigners using mobile payments from US$1,000 to US$5,000

Central Bank: Increase the single transaction limit for foreigners using mobile payments from US$1,000 to US$5,000. The annual cumulative transaction limit of US$ 5,000 is increased from US $10,000 and US$50,000, respectively.

Zhang Qingsong said that foreign friends who come to China for tourism, visits, business and other activities encounter difficulties in mobile payment. The People's Bank of China is also very concerned about the issue of personal information protection.