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ARTICLE · 01 AUGUST 2012

WTO Panel Rules Against China In Dispute Over Electronic Payment Services

Mayer Brown
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On July 16, 2012, a World Trade Organization (WTO) dispute settlement panel determined, in a case brought by the United States, that China maintains a number of measures that treat foreign providers of electronic payment services (EPS) less favorably than the domestic EPS provider, China Union Pay.

GlobalInternational Law
Duane Layton
Duane Layton
Sydney Mintzer
Sydney Mintzer
Tiffany Smith
Tiffany Smith
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Keywords: WTO panel, rules, China, electronic payment services, EPS, China Union Pay

On July 16, 2012, a World Trade Organization (WTO) dispute settlement panel determined, in a case brought by the United States, that China maintains a number of measures that treat foreign providers of electronic payment services (EPS) less favorably than the domestic EPS provider, China Union Pay. EPS are services through which transactions involving payment cards (credit, debit, charge) are processed and funds are transferred. The decision is expected to open to foreign EPS providers the Chinese electronic payment market and its more than $1 trillion per year in transactions. 

Background

Beginning in 2001, the People's Bank of China, which regulates electronic payment services, issued a series of measures setting out specific requirements affecting all aspects of EPS. China's measures impose requirements on institutions in China that issue payment cards, on all point-of-sale

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