Alipay and Tenpay were each fined 600,000 yuan for breaking the rules on foreign exchange transactions. Photo: Bloomberg

Chinese mobile payment giants Alipay, Tenpay fined US$88,000 for breaking foreign exchange rules

Pair named among 27 companies and individuals charged with violations by State Administration of Foreign Exchange

Topic |   China economy

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Alipay and Tenpay were each fined 600,000 yuan for breaking the rules on foreign exchange transactions. Photo: Bloomberg
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