Tuesday, October 27, 2020
Tags Chinese virtual banking

Tag: Chinese virtual banking

UnionPay International Teams up with Hong Kong Digital Bank to Issue Virtual Debit Card

The Hong Kong subsidiary of Chinese payments giant China UnionPay has teamed up with local digital lender Livi Bank to launch a...

Ping An’s Virtual Bank Commences Operation in Hong Kong

Another virtual bank has officially kicked off operation in Hong Kong following the issuance of licenses by the local monetary authority in...

UBS Chooses China for Launch of New Digital Banking Platform It Wants to Go Global

Swiss bank UBS hopes to launch a digital banking platform in China first before subsequently bringing it to the global market.

Standard Chartered’s Virtual Bank Mox Announces the Launch of Trial Operations in Hong Kong

Standard Chartered's virtual bank Mox has just launched a trial run of its online services in Hong Kong.

ZhongAn Online’s Hong Kong Virtual Bank Enters Cashless Payments Agreement with Visa

The Hong Kong digital banking subsidiary of Chinese fintech company ZhongAn Online has entered an agreement with Visa to work on cashless...

Two More Chinese Consortiums Join Race for Virtual Banking License in Singapore

Two more Chinese-led consortiums have announced plans to compete for the virtual banking licenses on offer from the Singaporean central bank.

Ant Financial Seeks Virtual Banking License in Singapore

Jack Ma's Ant Financial has flagged its ambitions to expand into the virtual banking sector of the South-east Asian city-state of Singapore....

Virtual Banking to Be a Key Theme at 2019 Hong Kong FinTech Week

The rise of virtual banking in the greater China region is set to be one of the key themes at the 2019 Hong...

Hong Kong Monetary Authority Issues Virtual Banking Licenses to Ant Financial, Tencent, Ping An and Xiaomi Subsidiaries

The subsidiaries of a slew of China's leading fintech players have obtained licenses to operate virtual banks in Hong Kong.

China’s First Legal Person Direct Bank Sees Users Exceed 10 Million in a Year

The first direct bank in China that enjoys status as an independent legal person has seen its user numbers surge above the eight digit...

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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...