Tuesday, October 27, 2020
Tags Chinese cashless payments

Tag: Chinese cashless payments

Digital Cashless Payments in China Grew 48% in 2018: Bank for International Settlements

Data from the Bank for International Settlements (BIS) indicates that cashless payments in China are continuing to see robust growth.

Chinese Central Bank Calls for Digital Currency R&D, Will Combat Refusal to Accept Cash

The People's Bank of China (PBOC) says it is driving further research and development of digital currencies, while also calling for measures...

PBOC Issues First Ever Penalty for Refusal to Accept Cash Payment

As the cashless revolution sweeps China's consumer market, the Chinese central bank has started to issue fines to businesses that refuse to accept cash...

Consumer Complaints over Cashless Payments Prompt Central Bank Intervention

Widespread complaint over the increasing number of Chinese businesses that refuse to accept payments in cash has prompted intervention on the part of the...

Most Read

Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...