17 Payment Institutions Including Alipay and WeChat Pay Approved for License Renewal on April 30

GateNews

According to the People’s Bank of China, 17 non-bank payment institutions, including Alipay, WeChat Pay, UnionPay Commerce, and others, successfully renewed their payment business licenses on April 30. The central bank’s official notice showed that 3 payment institutions had their renewal applications suspended, while 1 institution’s application was not accepted.

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