Senators Introduce Legislation to Ban Chinas Alipay in US

A pedestrian walks past an Alipay logo at the Shanghai office building of Ant Group in Shanghai, on Aug. 28, 2020. Hector Retamal/AFP via Getty ImagesRepublican senators have introduced a bill that would ban a Chinese digital payment platform in the United States, citing national security concerns.Sen. Rick Scott (R-Fla.), who serves on the Committee of Homeland Security and Governmental Affairs, led the legislative effort to introduce the No Alipay Act, his office announced on Oct. 28. The bill aims to ban Alipay, a mobile payment app operated by China’s Ant Group, a company founded by Chinese billionaire Jack Ma.