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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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
Canada-based Nuvei has launched a new operational hub in China to continue its expansion in the Asia-Pacific (APAC) region.
online payments, cross-border payments, payment methods, expansion, customer experience, payment processing
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
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-based Alipay has announced the launch of an international version of its app with customised services for overseas travellers to China.
product upgrade, mobile payments, payments , customer experience
The Chinese Banking and Insurance Regulatory Commission (CBIRC) has introduced a new set of rules for governing the protection of the rights and interests of financial services consumers, as stated by China Banking News.
regulation, data protection, Open Banking, financial data
China-based LianLian Global has partnered UK-based lendtech Uncapped in an effort to bring flexible ecommerce finance options to UK and US-based merchants.
partnership, ecommerce, cross-border payments, lending
Global B2B payment infrastructure platform Thunes has announced its partnership with China Construction Bank to optimise cross-border payments in the region.
partnership, cross-border payments, cross-border ecommerce, payments , online payments, digital payments, mobile payments, ecommerce
Ant Group has welcomed seven new e-wallets and five payment apps from Asia to the ‘Alipay+-in-China’ programme.
mobile payments, digital wallet, ecommerce, POS, merchants, expansion
WeChat, one of China’s most popular instant messaging and calling apps, has banned crypto-related accounts on its platform.
regulation, NFT, crypto, digital assets
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
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
China Bank has launched China Bank START, a mobile phone app that helps non-China Bank customers open a new account.
banks, product launch, mobile banking, identity verification, digital banking
Lithuania-based fintech Paysera has partnered with Airwallex to enable businesses to carry out USD payment transfers to China.
ecommerce, cross-border ecommerce, payments , cross-border payments, Global Payments, payments infrastructure, money transfer
Fusion Bank has announced its partnership with WeBank in order to strengthen the development of the Greater Bay Area and offer new business opportunities to SMEs.
partnership, SMEs, mobile banking, online banking, digital banking, banking, financial services, financial institutions, financial inclusion
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
Visa has extended its partnership with Tencent Financial Technology to allow Weixin users to receive inbound remittance in their digital wallets.
partnership, remittance, digital wallet, online payments
TransUnion Hong Kong has announced the launch of its new Dark Web Monitoring identity protection service, intending to protect consumers’ identity and personal data.
identity theft, identity fraud, online security, cybercrime, dark web
Global technology provider Ant Group has partnered with bank BNP Paribas on a bilateral sustainability linked credit facility arrangement, according to the official press release.
partnership, carbon footprint, ESG, green finance
Ant Group has signed 11 partnerships with global e-wallets and card organisations as part of a programme to build international consumer-friendly zones in China.
mobile payments, digital wallet, cross-border payments, partnership, digital payments