China’s central bank fines Didi’s digital payments division

Didi digital payments the unit was fined 4.27 million yuan ($632,170) on Friday central bank of china for a dozen rule violations amid attempts by a cab company to appease regulators.

The unit was fined for violations, including transactions that do not meet traceability and authenticity requirements, opening payment accounts for businesses involved in the financial industry, and failing to report events with significant risks in a timely manner, the People’s Bank of China said in a notice. published on his website.

Didi struggled to get his business back on track after pissing off Chinese regulators moving ahead with its $4.4 billion Listing in New York last June, despite a request to postpone it.

It was not possible to contact Didi for comment after business hours.

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