Thursday, April 15, 2021
Tags Chinese payments

Tag: Chinese payments

Finance

Beijing Calls for Reductions in Payments Costs, Accelerated Use of Digital Renminbi to Drive New Forms of Consumption

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The Chinese central government has outlined a range of financial measures to help expedite new forms of consumption in the wake of...
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Fintech

PBOC to Accelerate Digital Renminbi Deployment to “Back up” China’s Alipay, WeChat Dominated Payments System

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The head of the Chinese central bank's digital currency unit has flagged measures to accelerate the use of the Digital Renminbi, in...
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Fintech

Huawei Grabs Payments License via Acquisition of Shenzhen Payments Company

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Huawei has become the latest in a long list of Chinese tech companies to obtain a license for payments operations via the...
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Fintech

Chinese Central Bank Sheds Further Light on Joint-venture with SWIFT

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The People's Bank of China (PBOC) has issued an official notice providing more information on Jinrong Wangguan Xinxi Fuwu Co., Ltd. (Financial...
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Finance

Xiaomi Consumer Finance Applies for Payments and Loan Trademarks

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Xiaomi has become the latest Chinese tech giant to seek to expand its financial capabilities following the submission of an application for...
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Economy

China UnionPay Enters Agreement with Malaysian Local Government on Mobile Payments Tool

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Chinese payments giant UnionPay is further expanding its overseas reach with a new mobiles payments cooperative deal in Malaysia, amidst broader efforts...
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Fintech

ByteDance Applies for Registration of “BytePay” Trademark

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TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...
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Fintech

98% of Survey Respondents in China Say Mobile Their Most Commonly Used Form of Payment

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A new report on the Chinese payments sector highlights the overwhelming predominance of mobile and QR-code based payments systems.
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Finance

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

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The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Fintech

Pinduoduo Owner Applies for Payments Trademark

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A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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