Thursday, October 29, 2020
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Tag: WeChat

Coronavirus Could Accelerate Launch of Central Bank Digital Currency: Ex-Bank of China Chief

The former head of one of China's big six state-owned banks says the coronavirus could potentially have an impact on the Chinese...

Alipay, WeChat Making Mobile Payments Available to Foreign Tourists in China

Chinese payments giants Alipay and WeChat Pay are adopting measures to make their apps more accessible to visiting foreign nationals in China...

Ant Financial Launches New Mini-Program Unit to Rival WeChat

The world's largest fintech company has announced the launch of a new unit for the development of its own mini-programs. Ant Financial announced on Wednesday...

WeChat Continues to Shut Blockchain and Cryptocurrency Social Media Accounts

WeChat has continued to shut accounts related to blockchain technology according to domestic media reports. Beijing News reports that a four more blockchain-related WeChat accounts...

Do Chinese Payment Apps Pose a Threat to US Banks?

US banks are concerned that the latest developments in China's payment apps sector could undermine key streams of revenue, according to a new report...

PBOC Paves the Way for Paypal to Enter Chinese Market

China's central bank is dialling back restrictions and licensing requirements that prevent overseas payment companies such as Paypal from entering the Chinese market. On 21...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...