China’s central bank may amend proposed limits on payments made via mobile phones in response to an adverse reaction from leading e-commerce firms and consumers according to the Xinhua news agency.

The People’s Bank of China said it had released draft rules but stated only a working paper had been sent to a number of leading players in the market.

The bank had not previously admitted to placing curbs on mobile payments although Alibaba, a potential leader in this new market, had acknowledged that the draft rules were in circulation, according to The Wall Street Journal.

It said the plan called for a limit on mobile payments of either CNY10,000 (U$1,615) a year or CNY1,000 on a single fund transfer by an individual.

In addition, there have been reports the proposed rules would put a CNY5,000 limit on  payments by mobile phone for an individual purchase, as well as a CNY10,000 limit on payments by mobile phone for total purchases in one month.

As well as the caps, the bank has in the past few weeks suspended payments made by scanning QR codes with a mobile phone and the proposed launch of virtual credit cards by Alibaba and Tencent.

However, the central bank appears to be ceding some ground to e-commerce firms and consumers.