Tuesday, March 2, 2021
Tags Chinese third party payments

Tag: Chinese third party payments

Huawei’s Acquisition of Chinese Payments License Could Break Dual Dominance of Alipay and Tencent

Telecommunications giant Huawei is making preparations to enter China's payments sector, in a move which could shake up the existing dominance of...

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

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

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

China’s Central Bank Digital Currency Likely to Co-exist with Third Party Payments over the Long Haul

A leading blockchain expert says that there is room for China's new central bank digital currency (CBDC) to co-exist alongside established third...

Will China’s Central Bank Digital Currency Threaten Alipay and WeChat Pay?

China's plans for the launch of central bank digital currency (CBDC) have created concerns that the position of digital payments giants Alipay...

Chinese Central Bank Issues Record 59.3M Yuan Fine to Third Party Payments Provider in Shanghai

The Shanghai branch of the People's Bank of China (PBOC) has just dispensed the largest ever administrative penalty imposed upon a third...

Chinese Third Party Payment Transactions Approach 60 Trillion Yuan in First Quarter

Third party payments transactions in China neared the 60 trillion yuan threshold in the first quarter of 2019 according to a new...

Third Party Payments Providers Focus on Micro-retailers, Cross-border Transactions

China's third party payments providers are increasingly focusing upon micro-retailers and cross-border transactions as key growth areas. China is currently host to over 6 million...

Chinese Central Bank Continues to Hit Payments Sector with Hefty Fines

The People's Bank of China (PBOC) is keeping up the pressure on the country's payments sector with the issuance of a hefty fine to...

China’s Third Party Payments Sector Sees Boom in Cross-border Transactions

China's third party payments sector has seen a surge in the volume of cross-border transactions, with industry observers expecting robust growth going ahead as...

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