Latest News:  
Beijing   Sunny    2 / -7   City Forecast

People's Daily Online>>China Society

China to improve payment services in rural areas

(Xinhua)

17:09, February 16, 2012

BEIJING, Feb. 16 (Xinhua) -- China's central bank said Thursday that it will strive to reinforce the payment system in rural areas to provide farmers with convenient modern payment services.

The People's Bank of China (PBOC) said in a statement released on its website that improving payment services in rural areas is a basic project that will boost consumption in rural areas, raise farmers' livelihoods and enhance social equity.

The PBOC has taken measures to encourage banking institutions to provide services to rural areas, help the country's payment system to move toward the central and western regions, and satisfy the basic financial needs of people in rural areas.

The central bank has initiated programs that can bring farmers benefits through bank cards, including a program to give farmers convenient drawing services with bank cards, the statement said.

Since that program started July 2011, Chinese farmers had made 2.5 million transactions with their cards and a total of 770 million yuan (122.24 million U.S. dollars) was involved by the end of last year.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's Spring Festival travel rush nearly ends

  2. Conjoined-twins separated successfully

  3. Shepherd walks with his flock

  4. Shadow play "Shadows of Love" in Taipei

Most Popular

Opinions

  1. European integration at crossroad
  2. China needs to improve overseas security
  3. National interests may trump prior goodwill
  4. China, India should strengthen mutual trust
  5. China, EU should cooperate calmly and rationally
  6. Chinese VP's US visit strengthens bilateral ties
  7. Returning to Libya not easy for Chinese companies
  8. Xi’s visit offers chance to renew consensus
  9. China should continue tight monetary policy
  10. Developing nations' interests shouldn't be sacrificed

What's happening in China

Housing policy hits furniture market

  1. Beijing police solves 4,000 drug cases in 2011
  2. Crackdown on gelatin-injected shrimp
  3. Sick girl saved through online charity campaign
  4. Deliveryman jailed for pocketing parceled meth
  5. 360buy's supplier squeeze is unwise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai