China Central Bank Fines Ant Financial’s Alipay For Misleading Ads, Poor Data Protection

News Source: China Money Network.

Alibaba’s third-party mobile payment platform Alipay has been fined RMB180,000 (US$28,535) for inadequate customer rights protection, publishing misleading advertising and improper data protection, according to an administrative penalty notice from People’s Bank of China, Hangzhou branch. (more…)

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