Recently, it was learned from the official website of the People's Bank of China that the Shenzhen Branch of the People's Bank of China issued a fine and imposed administrative penalties on Tenpay.
The penalty information shows that the reason why Tenpay was fined was "violating relevant systems of payment and settlement management and financial consumer rights protection". According to relevant regulations, the Shenzhen Branch of the People's Bank of China issued a warning to Tenpay and imposed a fine of RMB 1.49 million.
According to information, Tenpay is a professional online payment platform officially launched by Tencent in September 2005. Its core business is to help both parties conducting transactions on the Internet complete payment and collection.
The following is the original text of the punishment:
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