Saturday, January 16, 2021
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Tag: WeChat Pay

Beijing Responds to Trump’s Plans to Ban Transactions with Eight Chinese Apps

The Chinese central government has provided an official response to the Trump administration's decision to ban transactions with a total of eight...

Trump Administration Bans Transactions with Alipay and WeChat Pay

The Trump administration has fired a parting broadside at China's tech sector by placing a ban on transactions with eight Chinese apps,...

Tencent Touts Use of WeChat Pay Mini-Programs by Foreign Corporations as Driver of Economic Digitisation

Tech giant Tencent has touted the role of WeChat Pay and mini-programs as drivers of digitisation in the Chinese economy in the...

Tencent’s Fintech Revenues See 30% YoY Leap in Second Quarter of 2020

Tencent's latest quarterly report reports to rising growth in fintech-related revenues despite the ongoing economic impacts of the COVID-19 pandemic.

Tencent’s WeChat Pay Makes Foray into Turkish Market

Chinese tech giant Tencent has just made its payments platform WeChat Pay available for use in Turkey for direct payments by tourists....

Fintech Played Critical Role in China’s Containment of COVID-19: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that the widespread adoption of digital payments in China has played an instrumental role in the...

Chinese Expats Drive Overseas Expansion of Alipay and WeChat Pay in the West: Interview with Luke Deer

Overseas Chinese communities have emerged as key offshore growth areas for the digital payments services of tech giants Alipay and WeChat. 

Will China’s Central Bank Digital Currency Threaten Alipay and WeChat Pay?

China's plans for the launch of central bank digital currency (CBDC) have created concerns that the position of digital payments giants Alipay...

Tencent Says Libra Could Deal Crushing Blow to Chinese Payments Giants

Chinese internet titan Tencent has expressed concern about the potential for Facebook's proposed Libra cryptocurrency to destroy the dominance of China's incumbent...

Tencent Has Ambitions to Expand WeChat Pay’s US Presence

Chinese internet giant Tencent is intent on expanding the presence of its payments vehicle WeChat Pay in the US market despite escalating Sino-US trade...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.