Friday, April 23, 2021
Tags Chinese cashless payments

Tag: Chinese cashless payments

Banking

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

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

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

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

PBOC Issues First Ever Penalty for Refusal to Accept Cash Payment

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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...
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Banking

Consumer Complaints over Cashless Payments Prompt Central Bank Intervention

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

Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

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The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...
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20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

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The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...
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National Fiscal Revenues in China Rise over 24% in First Quarter

Economy CBNEditor - 0
China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...
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Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Banking CBNEditor - 0
Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...
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