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Payment network UnionPay International has partnered with Spring Airlines to allow the latter’s website to accept UnionPay cards for tourists and business travellers.
travel payments, credit card, payment methods, payments , digital payments
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
FedEx Express has signed an agreement with Guangdong Airport Authority Logistics Company in China in order to expand and upgrade the FedEx Guangzhou Gateway.
delivery, expansion, ecommerce, marketplace
CBDC, digital currency, blockchain, payment methods
China’s biggest cities have come closer and closer to holding pilots to promote the use of the country’s central bank digital currency (CBDC) in 2021.
China, CBDC, cryptocurrency, crypto testing, digital banking, centralised currency, DCEP, innovation
The Chinese city of Shenzhen has announced plans to distribute over 10 million yuan in China’s upcoming digital currency as part of public trials.
digital currency electronic payment, wallets, digital yuan, merchants, trials, payments digitalisation, DCEP, CBDC, China
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
China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system
KASIKORNBANK (KBank) has established KASIKORN Vision Information Technology, a fintech company wholly owned by KASIKORN Vision (KVision) with registered capital of RMB 300 million.
KASIKORNBANK, KBank, fintech, China, banking, fintech, technology, digital
Ant Financial has launched the Software-as-a-Service (SaaS) version of its technology product OceanBase.
China Construction Bank, Bank of Nanjing, PICC Health, Bank of Suzhou, Guangdong Rural Credit Union, Alipay, technology, OceanBase
China-based fintech OneConnect has announced that it has granted the first loan on its blockchain based financing platform for SMEs.
OneConnect, financing platform, B2B payments, lending, B2B lending, SME financing platform, ICBC, China Construction Bank, China, Asia, APAC, digital government, Guangdong
Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers.
Standard Chartered, Linklogis, supply chain finance, blockchain, suppliers, China
People’s Bank of China’s blockchain trade finance platform has announced it has processed USD 4.5 billion in foreign exchange transactions.
Peoples Bank of China, China, Asia, APAC, trade finance, blockchain trade finance, trade finance platform, distributed ledger technology, cross-border financing
Singapore-based fintech OneConnect has announced building a supply chain finance plaform with blockchain and cloud infrastructure to boost trade finance for SMEs.
OneConnect, supply chain finance, supply chain finance ecosystem, SME, trade finance, Singapore, Asia, APAC, cloud-based platform
Account receivables financing platform Velotrade has executed cross border trade receivables transactions involving mainland Chinese companies.
Velotrade, trade finance, Qianhai Financial Assets Exchange, QEX, partnership, trade financing transaction, China, Asia, APAC
Norway-based fingerprint tech company IDEX Biometrics has partenered with Chutian Dragon and PAX Technology to speed up biometric payment cards adoption in Asia.
IDEX, Chutian Dragon, PAX, biometrics, smart cards
The Guangdong Municipal Taxation Bureau has announced that it will implement an e invoice platform based on blockchain for the e-commerce industry.
The Guangdong Municipal Taxation Bureau, China, platform launch
A new trade and finance blockchain platform backed by the People\s Bank of China has started official pilot operations in Shenzhen, China.
Peoples Bank of China, blockchain, trade finance, trade finance platform, supply chain finance, Guangdong, Hong Kong and Macao Dawan District Trade Finance Blockchain Platform
UnionPay International has launched the UnionPay app in Hong Kong and Macau to enhance the local customers` mobile payment experience.
UnionPay International, UnionPay app, Hong Kong, Macau, cards, ATMs, POS, mobile payments
Tencent has called on the Chinese government to introduce an ID system that would link multiple sets of travel documents with a mobile phone.
Tencent, China, Hong Kong, e-payments, online payments, mobile, trade, travel