Jiangxi Province deployed 890,000 POS machines in the county

The reporter learned from the Nanchang Central Branch of the People's Bank of China yesterday that as of the end of 2012, various banking financial institutions and payment institutions in Jiangxi had distributed 89,081 POS machines and 5,505 ATM machines in the county, and the county bank card acceptance environment was significantly improved.

In 2010, the “Guiding Opinions on Accelerating the Development of County Bank Card Markets in China”, led by the Nanchang Central Branch of the People’s Bank of China and the 14 departments of the Jiangxi Provincial Department of Finance and the Provincial Development and Reform Commission, further clarified the local finances at all levels. Supporting policies for the development of county bank card market. The "Guiding Opinions" require the local finance to subsidize the acquiring institutions that distribute POS machines in the county level according to the standard of 100 yuan per unit. The banking institutions that deploy ATM machines in the county are continuously in accordance with the standard of not less than 1,000 yuan per year per year. The subsidy is 3 years. In 2012, the province's county POS machines realized 18.48 million transfer and consumer transactions, amounting to 152.6 billion yuan.

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