Shetewy Pay started the ICP Zheng, ICP经营许可证 Certification Process to operate its services inside mainland China
ICP Zheng, ICP经营许可证 certification is a permit issued by the Chinese Ministry of Industry and Information Technology, which is required to operate a payment processor in mainland China. This is a must, to avoid the risk of being shut down and blacklisted by the Chinese Ministry of Industry and Information Technology (MIIT) for not abiding the Chinese content laws.
Shetewy Pay is in the process of obtaining the ICP License. A Commercial ICP License can take 60-90 days to be processed, business merchants will be notified once Shetewy Pay obtain an ICP Filing. And another 30 days for final approval from the PSB Filing (Public Security Bureau) which is a mandatory requirement for all ICP license applications.
No, all personal and business accounts are still able to send bank-type money transfers to bank accounts inside China.
Please contact us for any questions or inquiries.