After the UnionPay business and Tonglian payment, another payment company was fined. The central bank recently announced on the official website the penalty announcement for Epro Payments Co., Ltd. (hereinafter referred to as “Epro Payment”). Due to “violation of relevant clearing management regulations”, Epro Payments Co., Ltd. was warned to confiscate its illegal income of approximately 10.092 million. Yuan, and a fine of 4 times the illegal income of about 42.369 million yuan, a total of more than 52 million yuan.
Why is Yibao paid fine?
In fact, Epro payment is not the first time to be punished. Established in August 2003, Yibao payment is regarded as China.Third party paymentAn institution that has developed relatively fast in the organization has opened up a large number of outlets in China. 32 branches have been established, but the problems have been exposed because internal management has not kept up. In March 2014, the central bank imposed penalties on eight third-party payment institutions to suspend access to new merchants nationwide. Epro payment was on the list.
It is understood that this is not the first payment institution to be fined by the central bank. In July this year, Tonglian Payment Network Services Co., Ltd. and UnionPay Business Co., Ltd. violatedBank card receiptThe relevant laws and regulations of the business were also fined. Among them, Tonglian Payment was confiscated illegal income of 30,335,555.34 yuan, and fined 11,101,266.02 yuan, UnionPay business was confiscated 6,314,255.55 yuan, and fined 265,370,222.20 yuan.