Asian Tech Press (Nov 26) -- A notice on barcode/QR Code payment regulation recently issued by the People's Bank of China about " individual payment code banned for business services from March 1, 2022" and " individual static payment barcode prohibited to be used for remote non-face-to-face payment" recently spread across the Chinese internet.

On October 13, 2021, the official website of the central bank of the People's Republic of China issued the Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses, which put forward a series of management requirements for acquirers and clearing structures. At the same time, barcode payment is also included in the regulation, with specific regulations on the use of personal receipt barcodes, which will take effect on March 1, 2022.