The Traderszone Network

Published in TZ Latest News 29 November, 2021 by The TZ Newswire Staff

Uncertainty Surrounds PBOC Targeting of Alipay, WeChat Business Use of Personal Codes

In China, what seems to be a crackdown on Big Tech — on the payments giants in particular — continues.

Or maybe not, depending on where you look.

And thus, some confusion reigns, at least for now.

To that end, as reported by Crowdfundinsider.com, the People’s Bank of China (PBOC) has banned the WeChat and Alipay payment codes for business beginning in March 2022.

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