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BEIJING: The Beijing Operation Office of China's central bank said on Monday that it has fined two Chinese payment companies for providing services for illegal transactions.
GoPay was fined 46.5 million yuan ($6.80 million) for money-laundering related violations while Umfintech was given a 26.4 million yuan fine for lack of compliance, according to a statement on the website of the central bank's Beijing Operations Office.
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