Home Business China Stocks Briefing: Reported that Alipay and WeChat Pay’s collection codes are forbidden to misread commercial systems-The Wall Street Journal

China Stocks Briefing: Reported that Alipay and WeChat Pay’s collection codes are forbidden to misread commercial systems-The Wall Street Journal

by admin

**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 restriction. Among them, the main thing that will be restricted is the personal static payment bar code.

**Some state-owned enterprises in China restrict the use of Tencent WeChat**

–According to the Wall Street Journal quoted people familiar with the matter, some Chinese state-owned companies have restricted their employees from using Tencent’s popular domestic instant messaging applications on the grounds of security issues. These insiders said that managers of at least nine Chinese state-owned enterprises told employees this week that any work chat groups established on WeChat may contain sensitive information and should be closed and deleted.

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