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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TenPay Global has announced its partnership with TerraPay in order to enable secure and fast international money transfers to Weixin and WeChat customers.
partnership, payments , cross-border payments, cross-border ecommerce, ecommerce
Citi has announced its partnership with Bank of Shanghai in order to launch a payment solution for international travelers that visit the region of China.
partnership, product launch, payments , cross-border payments, cross-border ecommerce
Internet hosting service for software development and version control GitHub has partnered Tencent’s WeChat to improve user privacy.
super app, partnership, security token, online security, data privacy
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
The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.
report, CBDC, digital currency, digitalisation, crypto, digital banking, digital assets
The Cyberspace Administration of China (CAC) has reportedly planned to allow Didi to reinstate its ride-hailing and other apps into domestic app stores.
payments , commerce, regulation, digital payments, cybersecurity, compliance
Deutsche Bank’s Blue Water Fintech Lab has developed a robotic process automation platform for processing and matching data in several banks.
banks, product launch, data, fintech, transactions
The People’s Bank of China (PBOC) has announced the launch of a new function on its digital app, to allow Android NFC users to make offline digital payments.
product launch, online banking, online payments, ecommerce, contactless payments, payments , mobile payments
Hong-Kong-based lifestyle-driven virtual bank livi bank has launched livi QR Payment, an UnionPay option that enables customers to pay at over 29 million merchants in mainland China.
product launch, QR payments, QR code, payments , online payments, mobile payments, ecommerce, merchants, cross-border payments
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
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
Thunes has announced the launch of its QR Code Payments solution, aimed at optimising the payment experience of customers who travel in the region of China.
product launch, payments , QR payments, travel payments, ecommerce
Singapore-based cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm.
partnership, mobile payments, instant payments, expansion, cross-border payments
Alipay has integrated with the processing network for the Chinese digital renminbi central bank digital currency (CBDC).
CBDC, payment processing, payment processor, cryptocurrency, digital assets
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