Friday, October 30, 2020
Tags Chinese payments

Tag: Chinese payments

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...

PBOC Issues Record $17M Fine for Chinese Payments Sector to Allscore

The Chinese central bank has just issued a raft of hefty penalties to domestic payments companies, including the largest fine ever meted...

China UnionPay Reports 30% YoY Rise in Cloud Flash Payments During October Golden Week Vacation

Chinese payments giant UnionPay says it saw a sizeable rise in the value of transactions made via its QuickPass (云闪付) cloud flash...

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...

China Targets 4 “Pain Points” of Cross-border RMB Transactions to Drive Foreign Trade

The Chinese central government hopes to improve foreign trade and investment by focusing on the resolution of four major "pain points" when...

TikTok Founder Zhang Yiming Grabs Payments License for Toutiao via Acquisition of Wuhan Fintech Firm

The head of TikTok-owner ByteDance has acquired a payments licenses via the takeover of a Wuhan-based company, in a move intended to...

China National Clearing Centre Touts Success of Three Fintech Trial Projects

The Chinese central bank's settlement centre has highlighted the successes of a trio of fintech trial projects launched at the end of...

Chinese Central Bank Releases 2nd Quarter Payments System Report

The People's Bank of China (PBOC) has just released its second quarter report on the state of the Chinese payments system.

PayPal Appoints Ping An Fintech Star Hannah Qiu as Head of Chinese Operations

PayPal, the first overseas online payments company to gain access to the Chinese market, has announced the appointment of former Ping An...

Baidu Teams up with CITIC aiBank to Launch Baidu Flash Payments “Card”

Chinese search giant Baidu has teamed up with direct lender CITIC aiBank to launch a new "non-physical" card for flash payments.

Most Read

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...