Tuesday, October 27, 2020
Tags Chinese third party payments sector

Tag: Chinese third party payments sector

Third Party Payments Licenses in China See Prices Contract Almost 60%

Prices for third party payments license in China have seen a precipitous decline since Beijing's launch of a crackdown on internet payments....

China’s Third Party Payments Providers Will Sever Direct Ties to Banks

The People's Bank of China hopes to strengthen its monitoring and regulation of third party payments providers by severing their direct ties to banks,...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...