News Snapshot:
**It is forbidden to misread the payment code of Alipay and WeChat Pay for commercial use** –According to the Finance Association on November 26, a message saying “Alipay and WeChat payment personal collection codes will be banned for commercial use from March 1 next year” was swiped today. However, according to a reporter from the Financial Associated Press, the central bank’s new regulations do not completely prohibit the commercial use of collection codes. The notice clearly emphasizes that the collection code is divided into personal and business collection codes, and the business collection code is not included in the notification...
