Sunday, October 25, 2020
Tags UnionPay

Tag: UnionPay

UnionPay’s Network Transfer Transactions Rise 54.3% YoY in 2019

China UnionPay's latest transactions data points to a surge of over 50% in the value of its network transfer transactions (网络转接交易) in...

AliPay and Tencent Hop Aboard Chinese Public Transit

Following fierce competition in the convenience store, supermarket, taxi and ride-sharing sectors, China's leading online and mobile payment providers are vying for a slice...

China UnionPay Expands Services to Type II, III Bank Accounts

China UnionPay has just launched a new mechanism for hooking up with type II and type III bank accounts, in a move that is expected to shake up the...

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...

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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...