Tougher domestic rules could set back Chinese payment giant Alipay’s ambitions for a greater overseas presence, according to Bloomberg.

The new regulation compels users to hand over more personal data, and face limits on how much money they can transfer or deposit.

The firm said recently it plans to launch its payment and lifestyle platform in Europe during summer 2016. The plan was revealed by Sabrina Peng, president of Alipay  International.

The plan is to replicate the domestic shopping and payment experience of Chinese consumers when they are travelling in France, Germany and the UK. To give an indication of the potential market, a total of 117 million Chinese tourists travelled abroad spending $165 billion in 2014.

However, from July 1, Chinese consumers who do not have a mainland China bank card will not be allowed to keep money in their Alipay accounts. The payments firm did not say how many customers will be impacted (it has a total of 450 million), but has told them to clear their balances to avoid the risk of accounts being frozen.

The People’s Bank of China is introducing regulations that require real-name registration for all non-bank payment accounts such as Alipay,