14 Vietnamese nationals were fined between $2,500 and $3,500 for COVID-19 breaches, including having an illegal social gathering.Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing
A new regulation drafted by China’s central bank, which seeks to determine whether nonbank institutions qualify as monopolies, has analysts and legal scholars pondering on the potential of Ant Group’s Alipay and Tencent Holdings’ WeChat Pay being subject to penalties or broken up.The draft, which was published on Thursday to solicit public feedback through February 19, uses both “nonbank payment service market” and “nationwide electronic payments market” to refer to different markets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.