The executive order, which directed the Commerce Department to draft rules outlining which payments will be outlawed, will impact Tencent Holdings Ltd.’s QQ Wallet and WeChat pay, as well as CamScanner, SHAREit, VMate and WPS Office.
President Donald Trump signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group Co.’s Alipay in 45 days, when he’ll no longer be in office.
The order is the outgoing administration’s latest bid to use national security powers against China’s technology companies, but it will be up to President-elect Joe Biden to decide whether to enforce the policy.
