Tuesday, January 26, 2021
Tags Third party payments

Tag: Third party payments

Third Party Payments Sector Faces Reshuffle as Regulators Step up Pressure

China's third party payments sector is expected to undergo a major reshuffle as new restrictions come into play and financial regulators step up their...

PBOC Puts Pressure on Third Party Payments with over 30 Fines in 2018

The Chinese central bank is stepping up the pressure on the country's third party payments providers in 2018, after first beginning to scrutinise the...

Central Bank Squeezes Payments Sector with License Cancellations

The People's Bank of China has revoked the licenses of nine non-bank payment organisations for various abuses including misappropriation of funds and license abuses On...

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Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Research

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...

Banks in Guangzhou, Shenzhen Reportedly Suspend New Mortgages as Regulators Tighten Restrictions on Property Loans

Banks operating in the Guangdong province capital of Guangzhou have reportedly suspended the provision of new mortgages following the imposition of caps...