Friday, March 5, 2021
Tags Payments

Tag: Payments

Ant Financial’s Bid for MoneyGram Blocked on National Security Grounds

Ant Financial's ambitions to take over US payments giant MoneyGram International have been thwarted by a US government panel that has rejected the purchase...

Over a Dozen Chinese Banks Leap On Board SWIFT Global Payments Initiative

A slew of Chinese banks have opted to join a global initiative for quicker and more transparent cross-border payments launched by international payments organisation SWIFT in...

State-owned Payment Giant Takes on MasterCard and Visa Overseas

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...

New Online Settlement Platform Could Help Chinese Fintechs Sidestep Banks

China has just launched the trial run of its "Non-banking Payment Organisation Internet Payment Settlement Platform" (非银行支付机构网络支付清算平台), in a move which is set to shake up...

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China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...

Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...