Wednesday, January 20, 2021
Tags Chinese online payments

Tag: Chinese online payments

Online Payments in China Hit Fresh Record High During 2020 Double 11 Shopping Festival

Online payments processing saw surging growth during China's November 11 Shopping Festival in 2020 to hit record high levels, despite the ongoing...

Coronavirus Drives 46.79% Rise in China UnionPay’s Online Payments during Chinese New Year

The novel coronavirus is driving a sharp rise in online payments transactions as fear and containment measures keep many Chinese consumers at...

NetsUnion Posts over 11% Rise in Online Payments Transactions During 2020 Chinese New Year

China's centralised platform for the processing of online transactions has reported a sharp YoY rise in transaction numbers during the 2020 Chinese...

Shanghai’s iPS Ordered to Suspend Online Payments Operations after Incurring Record High Fine

One of China's longest-running payments companies has been ordered by regulators to suspend its online payments operations.

Online Payments Users in China Reach 633 Million, Account for 74.1% of All Netizens

A new report indicate that almost three quarters of Chinese internet users make use of online payments.

Mobile Payments in China See 59.03% YoY Growth in Second Quarter: PBOC Report

A new report from the Chinese central bank points to a surge in mobile payments in the second quarter of 2019.

China’s Non-bank Online Payment Operations Rise 85.05% YoY in 2018

A new report on the development of China's internet sector highlights surging growth in non-bank payments operations.

Third Party Payments Licenses in China See Prices Contract Almost 60%

Prices for third party payments license in China have seen a precipitous decline since Beijing's launch of a crackdown on internet payments....

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...