Payments News Update – August 6, 2020
Posted 08/6/20
Legal and Regulatory Developments
SPOTLIGHT: Exclusive: China's Central Bank Urges Antitrust Probe Into Alipay, WeChat Pay
Reuters – August 6, 2020
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter...