Starting from March 1 next year, WeChat and Alipay personal payment codes will not be used for business payment collection. Media clarification

[[436923]]

Recently, there has been news that personal payment codes will be prohibited from being used for commercial services from March 1, 2022. In addition, personal static payment barcodes are prohibited from being used for remote non-face-to-face payment collection.

In this regard, @Beijing Daily reported that the news came from the new barcode payment supervision notice recently issued by the central bank.

It is reported that on October 13, 2021, the central bank’s official website issued the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses (Yinfa [2021] No. 259)", which started from the three aspects of payment acceptance terminal business management, special merchant management, and acquiring business monitoring, and 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 have been made for the use of personal payment barcodes, which will come into effect on March 1, 2022.

Among them, the "Notice" explains the management of payment barcodes. For payment barcodes generated by payees such as individuals or authorized merchants and used by payers to read and initiate payment instructions, the scenarios and purposes of using payment barcodes by individuals and authorized merchants should be effectively distinguished to prevent the payment barcodes from being rented, loaned, sold or used for illegal activities.

For individuals with obvious characteristics of business activities, barcode payment and collection service agencies shall not provide them with business activity-related collection services through personal collection barcodes.

The Notice also explains remote non-face-to-face payment collection. Barcode payment collection service agencies should take effective measures to prohibit personal static payment barcodes from being used for remote non-face-to-face payment collection.

For personal dynamic payment barcodes saved through screenshots, downloads, etc., the relevant regulations on personal static payment barcodes should be referred to and implemented.