Due to violations such as conducting non-name transfers, Yinyingtong was fined a total of 3.79 million yuan.

On December 26th, the central bank announced that Yinyingtong Payment Co., Ltd. was fined a total of 3.7933 million yuan for 8 illegal activities. The types of illegal activities include: 1. Failure to ensure that transaction information is true, complete, and traceable; 2. Non-standard management of payment interfaces; 3. Making non-same-name transfers in violation of regulations; 4. Failure to set aside transaction fee income to a specific self-owned fund account as required; 5. Failure to strictly implement merchant real-name system; 6. Selling prepaid cards without verifying agent relationships; 7. Failure to update merchant information systems in a timely manner; 8. Non-standard service agreement provisions.