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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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JD.com to launch industrial version of ChatGPT

News | Ecommerce | 13 Feb 2023

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 tests virtual medical insurance card with its digital wallet

News | Payments General | 14 Feb 2023

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

Chinese Central Bank introduces new financial asset risk rules

News | Online & Mobile Banking | 15 Feb 2023

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

Airwallex secures online payment licence in China

News | Payments General | 07 Mar 2023

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 wants to tighten crypto supervision

News | Cryptocurrencies | 08 Mar 2023

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 adds digital yuan to its payment platform

News | Cryptocurrencies | 08 Mar 2023

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

China's central bank urges for stronger protections against financial crisis

News | Digital Identity, Security & Online Fraud | 03 Apr 2023

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

XTransfer expands to Hong Kong

News | Online & Mobile Banking | 10 Apr 2023

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

Alibaba Cloud launches AI model for intelligence transformation

News | Digital Identity, Security & Online Fraud | 17 Apr 2023

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's CBDC takes a more important place on WeChat's platform

News | Cryptocurrencies | 28 Apr 2023

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

Apple expands retail footprint in China

News | Ecommerce | 28 Apr 2023

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

BNP Paribas partners Bank of China to promote the digital yuan

News | Cryptocurrencies | 08 May 2023

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

China launches the National Blockchain Technology Innovation Center

News | Cryptocurrencies | 12 May 2023

The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.

blockchain, research, cryptocurrency, partnership

Alipay partners with Mastercard to launch a new payments option

News | Mobile Payments | 22 Jun 2023

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

DBS launches an e-CNY merchant collection solution

News | Cryptocurrencies | 07 Jul 2023

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

Bank of China tests SIM card NFC payments for e-CNY

News | Cryptocurrencies | 13 Jul 2023

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

Alibaba opts out of Ant Group stock buyback

News | Payments General | 24 Jul 2023

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

Weixin Pay and Alipay to enable cashless pay for foreigners

News | Mobile Payments | 24 Jul 2023

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 partners with Nuvei, increasing conversion rates by 20 percent

News | Payments General | 01 Aug 2023

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 partners with Finastra

News | Online & Mobile Banking | 09 Aug 2023

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