Alipay Extrapolated "Face To Face Pay" Taiwan Monetary Authority Called Illegal

< p > < < a > href= > //www.sjfzxm.com/news/index_c.asp > > Alibaba > /a > group's Alipay platform is developing vigorously. Alipay announces the first time to enter the overseas market O2O (Online to Offline) business. In Hongkong, China and Taiwan, China, Alipay has launched Alipay's "face-to-face pay" bar code payment, and is likely to be extended to Korea and other regions in the future. But bankers say that Alipay's wallet has launched such a payment means, and it needs to communicate and cooperate with the local banks and regulators, and it needs to emphasize the risks to the public. The Taiwan Financial Supervisory Commission also calls this method illegal.

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< p > the Hongkong Monetary Authority said that Alibaba's "a href=" //www.sjfzxm.com/news/index_c.asp "Alipay wallet" /a "platform does not belong to the local accreditation body and is not subject to supervision. However, authorities have noticed that the non card type stored value products such as PayPal and Alipay are very popular in Hongkong. At present, the Hongkong monetary authority is preparing to expand the existing regulatory regime to cover the related retail payment services, and introduce mandatory licensing arrangements for value paid products in the revised bill.

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< p > "Hongkong must strengthen its new regulatory requirements, strengthen Alipay's pparency and emphasize its risks to consumers."

Chen Fengxiang, senior advisor of the Hongkong Institute of banking, said that Internet finance is indeed the direction of development in 2014. But how to coordinate and improve the relevant regulatory system is a question worthy of consideration.

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< p > at present, in Hongkong's convenience stores, the most widely known way of payment is octopus, and this Hongkong general electronic card can take the subway, shopping in convenience stores and supermarkets. Under the existing banking regulations, octopus already holds the "deposit taking" company license issued by the HKMA. Once the octopus error occurs, the Hongkong monetary authority will react quickly, requiring octopus card to review relevant pactions and take the initiative to refund the relevant customers immediately.

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< p > Chen Fengxiang said that if Alipay wallet had a default accident, consumers in Hongkong might face a situation of no complaints. Therefore, he believed that the regulatory authorities should strengthen the education of consumers in the early stage of launching Alipay wallet.

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The unified Sakhon department store yesterday (P < > > a href= "//www.sjfzxm.com/news/index_p.asp" > Taiwan > /a ") has already begun to support Alipay wallet barcode payment, but according to Taiwan media reports, Taiwan" financial supervision and Management Commission "said that the unified Taipei emergency Alipay shop will face the risk of illegal tools consumption, and the regulatory authorities are discussing relevant laws and regulations with relevant economic departments.

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< p > in the Taiwan golden Management Association, it was said that the unauthorized opening of Alipay's checkout was illegal. The unified Taipei emergency shop immediately suspended the payment service measures last night to cooperate with the competent authorities for reconfirmation of the relevant laws and regulations and operation procedures.

According to the store, the introduction of Alipay's services through the blue new company engaged in cross border paction services originally intended to provide a more diversified payment method for mainland travelers.

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