Discover all the payments and fintech-related news and analysis about China in The Paypers News, Reports, along with other China-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about China in The Paypers News, Reports, along with other
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China-based ecommerce platform JD.com has announced that it will launch an industrial version of ChatGPT dubbed ChatJD on JD Cloud's artificial intelligence application platform, Yanxi.
product launch, ecommerce, payments , artificial intelligence, ChatGPT, cloud, data, financial services, retail, fintech, digitalisation
Huawei has launched a beta version of the Wallet application, allowing users to test an early version of the virtual medical insurance card business.
Huawei, digital wallet, virtual card, product launch, digital identity
The Chinese Central Bank has introduced new risk rules for financial assets of commercial banks, as well as new requirements for non-performing assets.
central bank, financial services, banks, risk management
Global payments and financial platform Airwallex has secured a payment business licence in China following the acquisition of Guangzhou Shang Wu Tong Network Technology.
payments , online payments, license, acquisition, M&As, fintech, cross-border payments, financial services, payments infrastructure, spend management, embedded finance, transactions , expansion, merchants, ecommerce
China’s State Council has revealed a new state administration proposal that aims to overhaul the financial sector and tighten crypto supervision.
cryptocurrency, regulation, financial institutions, compliance
WeChat, China’s major social networking and payment app, has added the country’s central bank digital currency (CBDC) to its payment services, according to reports in local media.
CBDC, central bank, digital currency, digital assets
The People’s Bank of China (PBOC) has written in China Finance that the country should accelerate legislation of the Financial Stability Law and improve prevention of financial risks.
central bank, risk management, fraud prevention, regulation, de-risking
B2B foreign trade financial service provider XTransfer has announced its plan to launch its financial products in Hong Kong, targeting local SMEs for Q2 2023.
expansion, financial services, financial institutions, money transfer, SMEs, online banking, digital payments, digital banking, online payments
Digital tech and intelligence backbone of Ant Group, Alibaba Cloud, has recently launched a large language model, Tongyi Qianwen.
artificial intelligence, ecommerce, ecommerce platform, quantum computing, platform, online platform, expansion, Alibaba, digitalisation, fintech, cloud services, cloud
China-based messenger app WeChat has announced that it extended the use of digital yuan payments to transactions happening through its short video and mini-app platforms.
CBDC, digital payments, cryptocurrency, WeChat Pay, payment methods
US-based tech giant Apple has expanded its retail operations in China by opening a second Apple Store in Shenzen, its 55th store in China.
Apple, ecommerce, delivery, expansion, retail
France-based bank BNP Paribas has partnered with the Bank of China to promote the digital yuan to corporate clients.
partnership, central bank, CBDC, digital assets
The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.
blockchain, research, cryptocurrency, partnership
China-based Alipay has partnered with Mastercard to launch a new payments option that improves the convenience of international travellers.
travel payments, partnership, mobile payments, product upgrade
The Chinese branch of Singapore-based DBS Bank has launched an e-CNY merchant collection solution to support the growing consumer usage of China’s CBDC.
CBDC, product launch, banks, digital payments
The Bank of China has partnered with China Telecom and China Unicom to test SIM card NFC payments for the e-CNY in certain regions.
CBDC, NFC, digital payments, mobile payments
China-based Alibaba has announced it will not take part in the previously announced share buyback of its fintech arm, Ant Group.
regulation, payments , investment, bigtech, compliance, ecommerce
China-based Tencent and Alipay have announced that they will facilitate cashless payments for foreigners that visit China.
product launch, travel payments, digitalisation, cashless, mobile payments, QR payments, credit card, local payment method
VakaTrip, a China-based travel platform, has teamed up with Nuvei, a global payment services provider, to enhance card payment acceptance from its international customer base.
partnership, ecommerce, banks, payments , checkout optimisation
Automated Systems Holdings Limited (ASL), a global IT solutions and services provider, has partnered with Finastra aiming to strengthen its industry-specific DevSecOps business and fintech trajectory.
partnership, banking, fintech, financial institutions, digital banking