The new verification system will certify 11 types of financial technology hardware and software that are widely used for digital payment and blockchain services. The central bank has already released the first list of fintech products that could be used in both front-end and bank-end development for digital payment services, CoinDesk cited filings from the bank.
With 11 fintech products currently on the central bank’s list, the certification system covers all the products that could be involved in digital payment technologies, including point-of-sale mobile terminals, embedded application software, user front-end software, and security carriers and chips.
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