Sunday, January 24, 2021
Tags Chinese digital payments

Tag: Chinese digital payments

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.

Most Read

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...