Wednesday, April 14, 2021
Tags Chinese mobile payments

Tag: Chinese mobile payments

Huawei’s Acquisition of Chinese Payments License Could Break Dual Dominance of Alipay and Tencent

Telecommunications giant Huawei is making preparations to enter China's payments sector, in a move which could shake up the existing dominance of...

Nearly 3/4 of Chinese Mobile Payments Customers Were Daily Users in 2020

A new report from the peak body for China's payments sector indicates that nearly three quarters of Chinese mobile payments users made...

SPD Bank Issues New Mobile Payments Card for Overseas Tourists

Regional lender the Shanghai Pudong Development Bank (SPD Bank) hopes to make the use of mobile payments in China more convenient for...

ATM Numbers Plunge by 40,000 in China as COVID-19 Spurs Digital Payments and Online Banking Adoption

The presence of Automatic Teller Machines (ATM's) in China has drastically fallen in the wake of the widespread use of digital banking...

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.

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...

Chinese Central Bank Calls for Expansion of Mobile Phone Number Payments

The Shanghai office of the People's Bank of China (PBOC) has called for the increased use of mobile phone numbers for payments...

Chinese Consumers Make Use of Mobile Payments Three Times Per Day on Average: UnionPay Survey

China UnionPay has just released a new survey on the state of mobile payments security in 2019.

PBOC’s Shanghai Office Issues New Directive on Financial Development in Yangtze River Delta

The People's Bank of China (PBOC) has issued a new directive via its Shanghai office for spurring the development of the financial...

China UnionPay’s QR Codes Officially Endorsed by Japan for Mobile Payments Purposes

China UnionPay's QR codes have become the one of the first mobile payments platforms to be endorsed by Japan via inclusion in...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...