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Aleta Planet has partnered with Lakala International in order to improve the payment experience for foreign visitors of China through the `Visitor to China` app.
partnership, product launch, digital wallet, digital payments, online payments, mobile payments, cross-border payments, cross-border ecommerce, ecommerce
KLYM, a Colombia-based fintech that provides working capital to small and medium-sized companies, has received a USD 27 million round of investment.
investment, fintech, SMEs, expansion, regulation
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
State-owned Chinese banks, including Agricultural Bank of China (ABC), China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC) have added smart management to the digital renminbi wallets.
product upgrade, e-wallet, digital banking, CBDC, digital currency
Eight commercial Chinese banks may be working on their own digital yuan wallets or banking platforms that can interoperate with the token.
China, banking, digital wallets, CBDC, digital yuan, online banking, digital banking
Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.
central bank digital currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments , money transfer
The Agricultural Bank of China (ABC), a large state-owned bank, has started testing an interface for the country’s central bank digital currency (CBDC).
Ant Financial, Tencent, mobile app, DC/EP, Agricultural Bank of China, PBOC, central bank digital currency, China
China’s central bank has announced it will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months.
Alibaba, Tencent, China, government, cryptocurrency, banks, digital assets, fiat currency, central bank, blockchain, debit, credit, the Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China
UnionPay has announced that Huawei users in Russia can benefit from a new mobile payment option, Huawei Pay.
Huawei Pay, Huawei, Russia, mobile payments, Gazprombank, Russian Agricultural Bank
IDEX Biometrics has announce its collaboration with Shenzhen Excelsecu Data Technology to develop battery-less dual-interface biometric cards with display.
IDEX Biometrics, Excelsecu, cards, security, authentication, tokens, solution provider, fingerprint, biometrics, China
HSBC, Standard Chartered, and 10 other banks, have launched a blockchain-based trade finance platform in Hong Kong, called eTrade Connect.
HSBC, Standard Chartered, trade finance platform, Hong Kong, eTrade Connect, blockchain technology, Agricultural Bank of China, BNP Paribas
Ping An Insurance Company has delivered Hong Kong’s first blockchain-based international trade finance platform.
Ping An, Hong Kong, blockchain, trade finance, eTradeConnect
Kendrick Sands of Euromonitor International depicts the card payments landscape in China, revealing what opportunities the shift towards online channels has brought to this industry
Euromonitor, Kendrick Sands, debit card, China, payment methods, ecommerce, retail, cards
WorldRemit, a digital money transfer company, has launched its financial services in Singapore, allowing migrants to transfer money to more than 140 countries.
WorldRemit, Singapore, digital money transfers, remittances, cross-border transactions
SWIFT has launched a cross-border payments Tracker that enables international payments to be traced in real-time.
SWIFT, SWIFT gpi, cross border payments, online payments, payments tracker
The rise of fintech and its innovative capabilities presents an array of collaborative opportunities for remittances companies
Merchantrade Asia, fintech, payments , remittances, regulations, mobile money, interview, trading, banks, Malaysia
China’s world-leading banks industry will see its robust growth decelerate to 2020, according to MarketLine.
ICBC, China Construction Bank, Agricultural Bank of China, Bank of China, banking, China NPL, MarketLine, statistics
People`s Bank of China is creating a new clearinghouse for online transactions, a key step toward closer oversight of the countrys third-party payment market, currently more than CNY 24.2 trillion (USD 3.63 trillion).
China, central bank, independent, clearinghouse, online transactions, online sales, banking, services, Customers
The China Banking Regulatory Commission (CBRC) has planned to screen risk control in the banking system to safeguard financial stability.
fraud screening, banking, fraud, financial institutions, The China Banking Regulatory Commission
Chinese banking network China UnionPay has announced that it will join forces with over 20 merchant banks to launch a virtual payment card called Yunshanfu.
UnionPay, Yunshanfu, mobile payments, HCE, NFC, POS, app