Sunday, October 25, 2020
Tags Chinese payments sector

Tag: Chinese payments sector

Finance

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

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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)...
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Finance

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

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

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

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

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

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

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

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

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

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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...
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Banking

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

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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...
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Finance

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

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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...
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Finance

Chinese Central Bank Continues to Hit Payments Sector with Hefty Fines

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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...
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Finance

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

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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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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

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Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...
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China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

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China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

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Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

Fintech CBNEditor - 0
A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...
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