Tags Chinese payments sector

Tag: Chinese payments sector

Finance

China’s Peak Payments Body Outlines 8 Targeted Forms of Illegal Conduct in 2020

CBNEditor - March 12, 2020 0

The Payment & Clearing Association of China (PCAC) issued its "2020 Payments and Settlement Illegal and Illicit Conduct Key Reporting Items" (2020年支付结算违法违规行为重点举报事项的公告)...

Finance

PayPal’s China Entry Expected to Shake up Mobile Payments Market

CBNEditor - October 15, 2019 0

The entry of payments giant PayPal into the Chinese market is expected to further winnow out smaller players in the sector.

Banking

Payment & Clearing Association of China Launches Data Reporting and Sharing System for Members

CBNEditor - August 2, 2019 0

The Payment & Clearing Association of China (PCAC) has announced the official launch of a new system for collecting data on the...

Banking

Chinese Mobile Payments Surge 61.19% YoY in 2018: PBOC Report

CBNEditor - March 20, 2019 0

A new report from the Chinese central bank on the domestic payments sector points to surging growth in mobile payments in 2018....

Banking

Reserve Funds of Third Party Payments Providers Drop Following Centralised Management by PBOC

CBNEditor - March 11, 2019 0

The reserve funds of China's third party payments provider have seen a sharp decline after coming under centralised management by the People's...

Banking

Chinese Central Bank Hits 10 Payments Companies with 1.02M Yuan in Fines

CBNEditor - November 22, 2018 0

The People's Bank of China (PBOC) is keeping up the pressure on the Chinese payments sector with the issuance of fines worth more than...

Banking

Regulation of Chinese Payments on Track to Intensify: PBOC Vice-governor Fan Yifei

CBNEditor - November 19, 2018 0

A senior official from the Chinese central bank has flagged the normalisation of stricter regulation of the payments sector in future. "The normalisation of strict...

Finance

Nine Chinese Payments Providers Summoned to Discuss Regulatory Breaches and Risk Issues

CBNEditor - October 22, 2018 0

The Payment & Clearing Association of China (PCAC) has summoned nine of the country's payments companies to discuss potential regulatory breaches and risk issues. From...

Finance

Chinese Central Bank Continues to Hit Payments Sector with Hefty Fines

CBNEditor - October 17, 2018 0

The People's Bank of China (PBOC) is keeping up the pressure on the country's payments sector with the issuance of a hefty fine to...

Finance

Alipay Teams up with UnionPay as Beijing Cuts Ties Between Payments Sector and Banks

CBNEditor - September 17, 2018 0

The world's largest mobile payments platform and the world's largest card payment organisation have entered a new cooperative partnership. Alipay and China UnionPay have executed...

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Tag: Chinese payments sector

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