If the law clears its third reading in the current legislative session, the new payment system may be launched in the first half of 2015.
The regulation contains two important aspects. The first is that third-party payment providers will be classified into two types. One will specialize in payment and collection services, while the other will specialize in savings services.
The legislations other important aspect involves raising the daily threshold for consumers to save and remit funds from USD 900 to USD 1500.
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