The China Securities News reported that the news that "Alipay and WeChat Pay's personal collection codes will be banned from commercial use from March 1 next year" is actually a misunderstanding of the new notice on the supervision of bar code payment issued by the people's Bank of China. The regulatory requirements put forward in the notice do not completely restrict the commercial use of personal static collection codes, but propose that "personal static collection barcodes are in principle prohibited from being used for remote non-face-to-face collection." It is really necessary to implement whitelist management. "
On October 13 this year, the people's Bank of China issued the notice on strengthening the Management of payment acceptance Terminal and related Business, putting forward corresponding management requirements on payment acceptance terminal business, contracted merchants, order collection business monitoring and so on.
The above targeted requirements are because there are some risks and hidden dangers in the individual collection bar code. For example, some institutions use personal collection bar code transfer business to handle a large number of production, operation and consumption transactions, which not only confuses the nature of the transaction, leads to the distortion of transaction information, and affects the effect of risk monitoring, but also is not conducive to value-added business activities with the help of payment services. There are also some lawbreakers who use the "running sub-platform" to attract a large number of people to use personal static collection bar codes and gamblers'"point-to-point" online remote transfer of gambling money, splitting and hiding the gambling money in many normal transaction scenes, disturbing the normal order of bar code payment business and affecting the effectiveness of the "capital chain" traceability mechanism involved in gambling.