Sunday, November 1, 2020
Tags Chinese digital payments

Tag: Chinese digital payments

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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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...