Thursday, January 28, 2021
Tags Chinese payments

Tag: Chinese payments

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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Fintech

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

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Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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Finance

PayPal Acquires Full Ownership of Chinese Third Party Payments Platform GoPay

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PayPal has become the first foreign company to acquire full ownership of a third party payments provider in China.
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Finance

UnionPay Expands International Card Acceptance, Enters Deal with Russian Retail Giant Magnit

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Payments giant China UnionPay has expanded its footprint in Russia via a deal with one of the country's largest retail operators.
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Finance

China UnionPay Launches Cloud Platform for Financial Services

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Payments giant China UnionPay has just launched its own "financial-grade" cloud services platform to facilitate the further digtiization of banking and payments...
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Finance

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

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Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...
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Fintech

Mobile Payments Operations Rise 35.57% YoY in Q3 2020: Chinese Central Bank Report

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The latest payments sector report from the Chinese central bank points to a sizeable rise in bank processing of electronic payments in...
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Finance

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

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The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...
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Fintech

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

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The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...
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Most Read

Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

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Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...
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China Construction Bank Issues over $3 Billion in Small Business Loan Bonds

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One of China's big state-owned banks plans to step up financial inclusion lending with the proceeds of its latest bond issue.
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Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

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Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...
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Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

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The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...
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