Friday, October 23, 2020
Tags Chinese payments

Tag: Chinese payments

Fintech

PBOC Issues Record $17M Fine for Chinese Payments Sector to Allscore

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The Chinese central bank has just issued a raft of hefty penalties to domestic payments companies, including the largest fine ever meted...
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Fintech

China UnionPay Reports 30% YoY Rise in Cloud Flash Payments During October Golden Week Vacation

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Chinese payments giant UnionPay says it saw a sizeable rise in the value of transactions made via its QuickPass (云闪付) cloud flash...
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Fintech

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

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Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...
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Economy

China Targets 4 “Pain Points” of Cross-border RMB Transactions to Drive Foreign Trade

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The Chinese central government hopes to improve foreign trade and investment by focusing on the resolution of four major "pain points" when...
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Fintech

TikTok Founder Zhang Yiming Grabs Payments License for Toutiao via Acquisition of Wuhan Fintech Firm

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The head of TikTok-owner ByteDance has acquired a payments licenses via the takeover of a Wuhan-based company, in a move intended to...
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Fintech

China National Clearing Centre Touts Success of Three Fintech Trial Projects

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The Chinese central bank's settlement centre has highlighted the successes of a trio of fintech trial projects launched at the end of...
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Banking

Chinese Central Bank Releases 2nd Quarter Payments System Report

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The People's Bank of China (PBOC) has just released its second quarter report on the state of the Chinese payments system.
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Fintech

PayPal Appoints Ping An Fintech Star Hannah Qiu as Head of Chinese Operations

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PayPal, the first overseas online payments company to gain access to the Chinese market, has announced the appointment of former Ping An...
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Fintech

Baidu Teams up with CITIC aiBank to Launch Baidu Flash Payments “Card”

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Chinese search giant Baidu has teamed up with direct lender CITIC aiBank to launch a new "non-physical" card for flash payments.
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Fintech

Tencent’s Fintech Revenues See 30% YoY Leap in Second Quarter of 2020

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Tencent's latest quarterly report reports to rising growth in fintech-related revenues despite the ongoing economic impacts of the COVID-19 pandemic.
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China’s P2P Platforms Drop from 5000 to Less Than 6

Fintech CBNEditor - 0
Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...
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CSRC Says Blockchain Used in Regtech Pilot Schemes for China’s Regional Equity Markets

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A senior official from the China Securities Regulatory Commission (CSRC) has highlighted the application of blockchain technology to regulatory trials in the...
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China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Banking CBNEditor - 0
Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...
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PBOC to Issue New Rules on Assessment of Systemically Important Banks

Banking CBNEditor - 0
A senior official has flagged the imminent launch by the Chinese central bank (the People's Bank of China) of new rules governing...
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