Tuesday, December 1, 2020
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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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...