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

Tag: Chinese third party payments sector

Banking

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

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

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

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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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Most Read

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

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The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...
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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Economy CBNEditor - 0
Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...
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Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Fintech CBNEditor - 0
Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...
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Digital Lender XWBank Sees Q3 Profits Rise 32%

Banking CBNEditor - 0
Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...
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