Friday, April 16, 2021
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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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...