President Donald Trump issued an executive order on Tuesday banning monetary transactions on eight Chinese computer applications, citing the collection of personal data of the individuals that use them..
Wells Fargo freed from OCC ALM order; Trump bans Chinese payment apps americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
POLITICO
Get the Morning Tech newsletter
Email
Sign Up
By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Presented by Facebook
With help from Steven Overly, Rebecca Rainey, Leonie Cater, Elisa Braun and Mark Scott
Editor’s Note: Morning Tech is a free version of POLITICO Pro Technology s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories.
Photo credit: Andy Feng / Shutterstock.com
In his final days in office, President Donald Trump is ramping up aggressive policies against Chinese payment apps and other software that has the potential to capture data on Americans.
A Jan. 5 executive order names Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay and WPS Office. Alipay, in particular, has a large user base because it is the payment platform attached to the popular Alibaba e-commerce network, similar to PayPal s origin as the eBay payment system. The United States has assessed that a number of Chinese connected software applications automatically capture vast swaths of information from millions of users in the United States, including sensitive personally identifiable information and private information, which would allow the PRC and CCP access to Americans’ personal and proprietary information, the orders states.