Friday, April 23, 2021
Tags Chinese payments sector

Tag: Chinese payments sector

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

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)...

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

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

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

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

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

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

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

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

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

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...

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

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...

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

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...

Chinese Central Bank Continues to Hit Payments Sector with Hefty Fines

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...

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

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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Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...