The revocation of Huawang Payment's banking license has triggered panic, with Chinese merchants "suspending use," involving an amount of $24 billion USD.

According to foreign media reports, the National Bank of Cambodia (Cambodian Central Bank) has officially revoked the banking license of Huiwang Payment. Huiwang Payment is affiliated with the Cambodian Huiwang Group, which is accused of operating the world's largest illegal online trading platform,

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Avalon Payment released an official statement: Will hold accountable those spreading illegal rumors, and continue to operate in compliance!

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The revocation of Huawang Payment's banking license has triggered panic, with Chinese merchants "suspending use," involving an amount of $24 billion USD.

According to Radio Free Asia (RFA), the banking license of OmniPay has been revoked.

Huge risks for merchants! Where should they go from here?

Aoyuan Payment initiates settlement of creditor claims for only 30 days

Why is the online black and gray industry so trusting of Huiwang Guarantee? Good Wang Guarantee?

$24 billion in illegal transactions? Cambodia revokes Howang Payment's license, yet no impact?

WorldRemit's license revoked by the National Bank of Cambodia! WorldRemit responds publicly for the first time!

Avalon Payment released an official statement: Will hold accountable those spreading illegal rumors, and continue to operate in compliance!

Huawang Guarantee issued a statement in response: Not cancelled! It is a voluntary cancellation of the license.

The revocation of Huawang Payment's banking license has triggered panic, with Chinese merchants "suspending use," involving an amount of $24 billion USD.

According to Radio Free Asia (RFA), the banking license of OmniPay has been revoked.

Huge risks for merchants! Where should they go from here?