Monday, October 26, 2020
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Tag: Mastercard

Banking

State-owned Payment Giant Takes on MasterCard and Visa Overseas

CBNEditor - 0
The world's biggest bank card company has launched plans to expand beyond its native China and contend against international payment incumbents MasterCard and Visa. Payment...
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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

Fintech CBNEditor - 0
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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