Case Study

Improving payment systems for non-financial institutions

The administration of Testing and Certification of the Payment Service System of Non-financial Institutions (promulgated by the People’s Bank of China (PBOC) [2011] No. 14) states that the testing organisation shall obtain qualification approval in accordance with relevant provisions of certification, obtain CNAS accreditation, and PBOC authorisation of testing the payment service system of non-financial institutions. The certification body shall be established upon the approved of CNCA, accredited by CNAS, and authorised by PBOC to certify the payment service system of non-financial institutions.