Tuesday, April 20, 2021
Tags Chinese digital payments

Tag: Chinese digital payments

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

Trump Administration Bans Transactions with Alipay and WeChat Pay

The Trump administration has fired a parting broadside at China's tech sector by placing a ban on transactions with eight Chinese apps,...

Chinese Central Bank Flags Further Steady, Controlled Testing of the Digital Renminbi in 2021

The head of the People's Bank of China (PBOC) has indicated that it will continue to conduct stable and gradual testing of...

Chinese Central Bank Tackles Refusal to Accept Cash Payments in the Wake of COVID-19

The People's Bank of China (PBOC) has launched new measures to curb the refusal by businesses to accept payments in cash, following...

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.

Starbucks Lambasted in China for Refusal to Accept Payment in Hard Cash

While digital payments have transformed the Chinese economy over the past decade, US coffee giant Starbucks is being taken to task in...

Ant Group Changes Name of Blockchain Subsidiary to “Antchain”, Eric Jing Says Blockchain Technology Will Be “Life Changing”

The head of Chinese fintech giant Ant Group has hailed the potential for blockchain have as far-reaching an impact on economic life...

Have Digital Payments Driven a Plunge in Robbery Cases in China?

China has seen a plunge in its robbery levels over the past decade which has coincided with a surge in the use...

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.

China Accounted for Half of Global Digital Payments in 2017: Fintech Industry Report

A new report on China's fintech sector says that the Chinese market already accounts for nearly half of global digital payments.

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China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...