The news of the "prohibition of personal payment codes for b...

The news of the "prohibition of personal payment codes for business services from March 1, 2022" and the "prohibition of using personal static payment barcodes for remote non-face-to-face payments" has sparked discussion.
This news is based on the recent barcode payment regulation notification issued by the central bank. On October 13, 2021, the official website of the central bank released the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses", which put forward a series of management requirements for acquiring institutions and clearing structures. At the same time, barcode payment has also been included in the supervision, and specific regulations on the use of personal payment barcodes have been made, which will be implemented from March 1, 2022.
The stock prices of Tencent Holdings and Alibaba have declined.
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