Hua ridiculed that argument, pointing to U.S. Trump's order cites unspecified concerns about apps collecting Americans' personal and financial data and turning it over to China's communist government. This is an example of the United States over-generalizing the concept of national security and abusing its national power to unreasonably suppress foreign companies.īeijing will take unspecified necessary measures to protect Chinese companies, Hua said, repeating a government statement made following previous U.S. Naira gains marginally at Investors and Exporters Window by 0.This is another example of the U.S.'s bullying, arbitrary and hegemonic behaviour, said a foreign ministry spokeswoman, Hua Chunying.Nigeria, Portugal sign MoUs in diverse sectors.Buhari to inaugurate Presidential Wing of State House Clinic December.Support for South Africa to Prevent Stowaway Cases and to Ratify the FAL Convention.Oyetola optimistic of winning July 16 guber poll.Didier Drogba Connects Sport and Tourism in Youth Summit Masterclass.PDP congratulates Aduda on appointment as Senate Minority Leader.560 Niger prospective pilgrims leave for Hajj in Saudi Arabia.Religious tolerance indispensable to national unity – Chief Imam.NEPC trains 45 newly registered non-oil exporters in Enugu.CVR: NUJ lauds Nigerians’ renewed vigour, enthusiasm in electoral system.Police invade suspected IPOB/ESN hideout in Ebonyi, Kill 1.Environmental sustainability experts seek more effective policy on e-waste.Kano-Zaria road sections for delivery early 2023 - FG.FG to support North East livestock subsector with free vaccines.Bayelsa-owned University of Africa seeks research endowment.Ugwuanyi names court building after Justice Nweze NIMASA seeks Stakeholders’ collaboration on security.WeChat is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. “The ban came into force from Monday,” Niroula said. “The government cannot tax such transactions nor check any crimes related to such unregistered payment systems. Niroula, the central bank spokesman, said these apps were using Nepal’s internet connectivity however transactions were made in China and not reflected in the Himalayan nation’s national accounts. Nepal, home to Mount Everest and birthplace of Lord Buddha, received 1.1 million tourists in 2018, of them 153,000 were Chinese visitors, the second largest number after Indian tourists who totaled 200,000.Ĭhina and India jostle to influence Nepal, a natural buffer between them. “We have strengthened our measures to effectively prevent future cases where some users had wrongfully collected payments outside of China using domestic QR codes,” Ant Financial said. “We request that all users abide by the Alipay Collection QR Code Agreement when using our QR code payment services. “Alipay strictly complies with local rules and regulations in all markets where we operate, including overseas. “Overseas vendors should work with WeChat Pay’s partners to enable WeChat Pay’s collection services,” it said.Īlibaba’s affiliate Ant Financial said Alipay’s cross-border payment operations in Nepal were operating normally. “As for illegal payment collection overseas, we are constantly using technical means to crackdown and prevent this behaviour. Tencent said WeChat Pay’s overseas division “strictly complies” with all regulations in the countries it operated in. They are widely used by Chinese tourists for making payments to Chinese-run hotels, restaurants and other businesses in Nepal as the payment giants seek to expand overseas. WeChat Pay, operating on Tencent’s messaging service, and e-commerce giant Alibaba’s Alipay, are the two dominant platforms in mainland China. Under Nepali laws, anyone found guilty of embezzling foreign exchange can be sentenced to up to three years in jail. “Any digital transaction made with unregistered foreign payment system like WeChat Pay and AliPay is illegal, anyone using such platforms can be punished,” Niroula told Reuters. Niroula said the two digital payment platforms were not registered with the regulator in Nepal, however were widely used by Chinese tourists for settling their payments with businesses. Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, said payments from the unregistered systems were illegal and resulting in a loss of income to the Himalayan nation.
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