Friday, October 23, 2020
Tags Chinese payments

Tag: Chinese payments

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

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

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

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

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

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

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

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

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

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

China National Clearing Centre Touts Success of Three Fintech Trial Projects

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

Chinese Central Bank Releases 2nd Quarter Payments System Report

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

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

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

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

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

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

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

Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...

CSRC Says Blockchain Used in Regtech Pilot Schemes for China’s Regional Equity Markets

A senior official from the China Securities Regulatory Commission (CSRC) has highlighted the application of blockchain technology to regulatory trials in the...

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

PBOC to Issue New Rules on Assessment of Systemically Important Banks

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