Friday, October 23, 2020
Tags NetsUnion Clearing Corporation

Tag: NetsUnion Clearing Corporation

Mastercard Grabs Approval to Make Preparations for Entry into Chinese Payments Market

The Chinese central bank has given its preliminary approval to Mastercard's entry into the domestic payment's market via a joint venture with...

NetsUnion Posts over 11% Rise in Online Payments Transactions During 2020 Chinese New Year

China's centralised platform for the processing of online transactions has reported a sharp YoY rise in transaction numbers during the 2020 Chinese...

ICBC Enters Strategic Cooperative Agreement with NetsUnion Clearing Corporation

China's biggest bank in terms of assets has entered an official cooperative partnership with the Chinese central bank's clearing platform.

Citibank Connects Corporate Accounts to NetsUnion Clearing Corporation Platform

Citibank (China) has become one of the first foreign-invested lenders in China to connect its corporate accounts to the the Chinese central...

Alipay Teams up with UnionPay as Beijing Cuts Ties Between Payments Sector and Banks

The world's largest mobile payments platform and the world's largest card payment organisation have entered a new cooperative partnership. Alipay and China UnionPay have executed...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...