Alipay: crack down on illegal lending Mini Program

Thanks to CTOnews.com netizen SP_CE for the clue delivery! CTOnews.com August 19 news, today, Alipay issued a "governance notice on cracking down on illegal lending Mini Program" said that since June this year, Alipay in accordance with the relevant national laws and regulations and the platform "notice on restrictions on access of consumer finance Mini Program / life account" requirements, to strengthen the governance of consumer finance Mini Program lending services.

The announcement pointed out that through active inspection, the platform has sent rectification notices to consumer finance Mini Program with qualification and operational problems, requiring them to provide qualification certificates or offline non-compliance lending services within a time limit. Mini Program that failed to rectify or did not meet the qualification requirements was punished in batches, and more than 260 Mini Program violations have been removed.

CTOnews.com learned that Alipay said that it will continue to increase investment in the future, adhere to high standards and high requirements of platform governance, and resolutely crack down on violations of laws and regulations.

In addition, Alipay warned that if enterprises, merchants or individuals face financial difficulties and need cash flow, please apply for loans through banks and other national formal financial institutions to reduce risk. Borrowers are required to pay service fees and other fees in advance may be suspected of fraud, please be vigilant, do not be fooled.