Non-cash payments for social allowance, pension and social insurance allowance would be promoted while the national population database would be improved and used to identify customers and authenticate bank accounts.
The banking system and credit institutions are the lifeblood of the nation''s economy, with digital information in banking and finance set to become one of the key factors in the digital economy, according to experts.
There is plenty of room for further development of the digital finance industry, but experts worry that this the huge number of people without bank accounts and the slow policy-making process will stall progress.
