On December 3, according to the micro blog legal source, at the beginning of November this year, Shanghai Branch of the people's Bank of China confirmed that pinduoduo operated the payment business without a certificate, which is currently under rectification.This is not the first time that pinduoduo has been held. It is reported that pinduoduo was reported as early as December 2018, when the people's Bank of China confirmed the operation without a license.
According to the reply of the people's Bank of China of Shanghai last year, since 2017, relevant departments have carried out investigation and evidence collection on pinduoduo's main company, Shanghai Xunming company, and determined that the company has operated payment business without certificate, and has required it to make rectification.
Since December 2017, the people's Bank of China has clearly defined the provisions of the "two clear" model. In the notice on Further Strengthening the rectification of unlicensed operation and payment business, it pointed out that the violation of the regulations of providing payment and settlement services for unlicensed organizations by licensed organizations should be comprehensively inspected.
In this regard, some lawyers said that if the payment business license is missing, the platform side's capital account in the bank lacks necessary supervision, and can use the third-party funds such as merchants and consumers at will, resulting in great financial risks.
In response to the above news, pinduoduo said,