Saturday, January 16, 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

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

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The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...
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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

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A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...
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Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

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The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...
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Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

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Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.
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