Last update: 20/08/2020
Subject to the requirement of payment service partners (i.e. WeChat Pay, Alipay, etc) and settlement banks and Globepay’s own risk policy, a list of prohibited industries will be kept and updated from time to time. Cross-border payment services will not be provided to any company conducting business within the scope of this list.
Update to this list will follow the regulatory and legislative change.
No. |
Prohibited Product/Service |
| 1 | Payday loans |
| 2 | Stock and securities |
| 3 | Mutual Funds |
| 4 | Insurance products and services |
| 5 | Financial products and services, including trusts or asset management services, or products and services associated with the sale of traveler’s checks, money orders or foreign currency |
| 6 | Foreign exchange services or check cashing businesses |
| 7 | Peer to peer (P2P) lending services |
| 8 | Payment by instalments service |
| 9 | Agricultural co-operatives |
| 10 | Items that are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card |
| 11 | Trading or distribution of currency (both CNY and foreign currencies) |
| 12 | Pornographic or obscene audio-visual products, channels and publications |
| 13 | Pornographic or obscene items, adult businesses or adult-related services, including escort services, adult massage, or other adult-entertainment services, adult performer regardless of sexual orientation |
| 14 | Gambling or betting, including lottery tickets, casino gaming chips, off-track betting, memberships on gambling-related internet sites and wagers at races |
| 15 | Illegally sold drugs, alcohol, or drug paraphernalia or other products that might present a risk to consumer safety |
| 16 | Products or services that are marketed or advertised using deceptive or unfair sales practices |
| 17 | Ammunition, firearms, or certain firearm parts or accessories, including but not limited to military or police equipment |
| 18 | Consumer Credit Reporting Agencies |
| 19 | Sales of personal information (e.g. identity card information) |
| 20 | Services or products that infringe on personal privacy (e.g. online activity monitoring) |
| 21 | Sales of valid or synthetic government IDs and documents |
| 22 | Credit protection or identity theft protection services |
| 23 | Illegal sale of financial information (e.g. bank accounts, bank cards) |
| 24 | Sales of rare wildlife (living things) or rare wildlife products (specimens, etc.) |
| 25 | Smuggled goods |
| 26 | Human organs |
| 27 | Virtual Currencies, including single-purpose prepaid cards (including gift cards and other stored value cards) |
| 28 | Tobacco products (online) |
| 29 | Trading or sale of digital or crypto- currencies (e.g. Bitcoin, Litecoin) |
| 30 | Certain weapons or knives regulated under Applicable Law |
| 31 | Poisonous or hazardous chemicals |
| 32 | Counterfeit goods or currency |
| 33 | Counterfeit or replica food products |
| 34 | Sales of antiques and art or antique reproduction |
| 35 | Precious metals and rare earth minerals |
| 36 | Crude oil, Petroleum and Petroleum Products |
| 37 | Boat dealers or Car Sales, including second hand vehicles |
| 38 | Pawn Shops and Salvage Yards |
| 39 | Software or products related to trading of financial products and information |
| 40 | Virtual Private Network, Virtual Private Server |
| 41 | Cash disbursement services from credit funding sources (e.g. credit cards) |
| 42 | Rebate or cashback services |
| 43 | Products or services that process pop-ups or contain, promote, reference or link to any spyware, malware, virus, back-door, drop dead device or other program installation |
| 44 | Real estate service |
| 45 | Auction sites and services |
| 46 | Pawn services |
| 47 | Collection agencies |
| 48 | Surrogacy services |
| 49 | Hacking services |
| 50 | Safe deposit services |
| 51 | Legal services and attorneys |
| 52 | Accounting, auditing and bookkeeping services |
| 53 | Counselling services — debt, marriage and personal |
| 54 | Immigration Service |
| 55 | Timeshares |
| 56 | Charitable and social service organizations |
| 57 | Crowd funding |
| 58 | Any fund-raising activities |
| 59 | Court Costs, including Alimony and Child Support |
| 60 | Bail and Bond Payments |
| 61 | Civic, social and fraternal associations |
| 62 | Items that support a pyramid or Ponzi scheme, matrix programs or other ”get rich quick” schemes or certain multi-level marketing programs |
| 63 | Cashback from a WeChat Pay or Alipay Account |
| 64 | Anaesthetic, psychotropic or prescription medicine; illegal unregistered medicine |
| 65 | Illegal political products and publications |
| 66 | Illegal political program channels |
| 67 | State secret documents and information |
| 68 | Illegally obtained proceeds or properties as result of a crime |
| 69 | Lockpicking tools and accessories |
| 70 | Online sale of medical services, including medical consulting, hypnotherapy, plastic surgery |
| 71 | Malwares |
| 72 | Video chatting services |
| 73 | All religious websites, publication or accessories |
| 74 | Online cemeteries and ancestor worshipping |
| 75 | Espionage equipment and accessories |
| 76 | Trading in invoices issued within the Peoples’ Republic of China |
| 77 | Fireworks and firecrackers |
| 78 | Services to facilitate plagiarism and examination fraud |
| 79 | Sales or distribution of event tickets without the license (e.g. Olympic Games or World Expo tickets) |
| 80 | Sale of animals, plants or products originating from areas declared with an epidemic outbreak of contagious diseases |
| 81 | Services or products facilitating the unlawful public gathering |
| 82 | Satellites antennas |
| 83 | Any product or service that may violate any applicable laws, statute, ordinance and/or regulations in China and the UK |
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This can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN) 930172.
