China’s central bank has outlined its definitions of monopoly among third-party online payments for the first time, as it moves ahead with a plan to curb the market concentration in the world’s largest fintech market.Any non-bank service provider with half of the market for online transactions, or two entities with a combined two-thirds share, could be subject to antitrust investigations, according to draft rules released on Wednesday by the People’s Bank of China. Three providers with three…

This post was originally published on South China Morning Post.