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July 4, 2022
Finance Technologies

Trump bans transactions through Chinese apps including Alipay

In one of his last acts as president, Donald Trump has taken a swipe at eight Chinese payment apps operating in the US. According to Reuters, Trump issued the executive order just 15 days before his successor, Joe Biden, is set to be inaugurated. It bans transactions in the US via major Chinese Big Tech wallet providers including Ant Group and Tencent. The applications have 45 days to prepare for the ban President-elect Biden will inherit a long history of tensions between the US and China, stoked in recent years by the Trump administration. Last year, Tencent’s WeChat was targeted…
Trump bans transactions through Chinese apps including Alipay

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