All posts tagged "WeChat Pay"
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462AML / KYCTencent Faces Record Penalty Over AML Breaches – Report
The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.
March 16, 2022 -
755AML / KYCPBOC Allows Merchants to Continue Using Personal QR Codes
Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.
February 28, 2022 -
720ChinaChina Showcases CBDC at Beijing Winter Olympics
Observers say China's “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.
February 9, 2022 -
267China
SAFE Fines Tenpay for Breaching Foreign Exchange Rules
Tenpay failed to submit relevant materials and handle foreign exchange sales services in accordance with regulations.
December 1, 2021 -
335China
China: Alibaba Apps Include WeChat Pay as Payment Option
The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
October 1, 2021 -
483China
PBOC Introduces New Business Reporting Rules for Payment Firms
Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as 'significant matters'.
September 3, 2021 -
668China
Regulators Order Tencent to Establish Financial Holding Company
Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.
May 27, 2021 -
572China
PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing
The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.
April 1, 2021 -
356ChinaChina Finalises Anti-monopoly Rules for Internet Platforms
The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.
February 10, 2021 -
418AML / KYC
PBOC Proposes to Tighten Oversight of Non-bank Payments Firms
If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council's antitrust committee to take action to break up the firm.
January 22, 2021
