Tencent faces record fine for WeChat pay violations, WSJ says
Tencent’s shares extended losses to trade as much as 10% lower in afternoon trading.
Source: moneyweb.co.za
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Tencent might have to pay record fine over WeChat payments, report says
Tencent Holdings Ltd (騰訊) faces a record fine after China’s central bank discovered its WeChat Pay (微信支付) had contravened money laundering rules, the Wall Street Journal reported, citing people familiar with the matter. The People’s Bank of China found Tencent’s payments platform had allowed the transfer of funds for illicit purposes such as gambling, the newspaper reported. WeChat Pay was also judged non-compliant with other rules that required Tencent to identify users and merchants transacting on the platform, the Journal said. A probe into potential money laundering woul...
Source: taipeitimes.com
Tencent dives on report of record fine for money-laundering
Chinese tech giant plunges over 10%, while shares in major shareholder Naspers plummeted 15% on the JSE, after a WSJ report that Tencent is facing a record fine for WeChat pay violations.
Source: moneyweb.co.za
Tencent Shares Plunge On Report Of Possible Money-Laundering Violations
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Degica's KOMOJU platform goes global with major release of European and Asian payment solutions
New release equips e-commerce merchants with a broad range of alternative payment solutions, helping them expand their reach to clients in Europe and Asia TOKYO, March 8, 2022 /PRNewswire/
Source: finanznachrichten.de