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Payment Solution for Many Lux Brands, Alipay Fined $600,000 for Breaches of Financial Regulations

The mobile payments platforms Alipay and Tenpay have been fined again by authorities for facilitating unauthorized cross-border transactions.

Payment Solution for Many Lux Brands, Alipay Fined $600,000 for Breaches of Financial Regulations
Big and small brands could benefit from Alipay's new stage of digital operations. But global players must go the extra mile to speed up growth. Photo: Shutterstock

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