Articles with tag: boc

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China to push its tech giants to share consumer credit data

News | Online Payments | 12 Jan 2021

China has shown signs of trying to push tech giants including Ant Group, Tencent, and to share consumer loan data to prevent excess borrowing and fraud.

China, Ant Group, Tencent, JD, consumer data, credit agencies, banks, PBOC, Open Banking, Open Data

PBOC tests CBDC for in-store payments via contactless cards and wearables

News | Cryptocurrencies | 11 Jan 2021

The People’s Bank of China (PBOC) has begun piloting its central bank digital currency (CBDC) for in-store payments via contactless cards and wearables.

CBDCs, card wallets, NFC, contactless hard wallet, NFC, wearables, China, merchants, payments, digital yuan, People’s Bank of China, PBOC

Robocash announces launch of BNPL service in the Philippines

News | Online Payments | 24 Dec 2020

Peer-to-peer lending platform Robocash Group has announced the launch of a buy now pay later (BNPL) service called UnaPay in the Philippines.

P2P, lending platform, Robocash Group, launch, buy now pay later, BNPL, UnaPay, the Philippines, peer-to-peer

PBoC governor praises digital yuan trials

News | Cryptocurrencies | 02 Nov 2020

The governor of the People’s Bank of China, Yi Gang has praised recent tests of its national digital currency at the Hong Kong Fintech Week conference.

PBoC, digital yuan, digital currency, central bank, China, payments

China tests its CBDC in Shenzen

News | Online Payments | 20 Oct 2020

China’s USD 1.5 million digital Yuan giveaway has completed successfully, with winners spending around 88% of the total prize pool.

CBDC, digital Yuan, China, digital currency, electronic payment, PBoC

China's petrochemical industry rolls out blockchain warehouse receipt financing trade

News | E-invoicing, SCF & E-procurement | 16 Oct 2020

China's petrochemical industry has seen its first digital warehouse receipt pledge financing transaction that integrates blockchain and Internet of Things (IoT) technology successfully implemented in China.

supply chain finance, digitalisation, blockchain, IoT, financing settlements, warehouse receipts, order financing, data sharing, PBoC, Sinochem Energy High-Tech

American Express scores licence to clear transactions in China

News | Mobile Payments | 16 Jun 2020

American Express has announced that its joint-venture in mainland China has received approval from the People’s Bank of China (PBOC) for a network clearing license.

American Express, China, People's Bank of China, PBoC, payments, payments reconciliation, payments settlement, Asia, APAC

Genie, BOC partner to increase digital payments via mobile wallet solution

News | Mobile Payments | 01 Jun 2020

Sri Lanka-based fintech Genie has partnered with Bank of Ceylon (BOC) to act as the financial acquirer and digitise payments through its mobile wallet solution. 

Genie, mobile wallet, mobile payments, Bank of Ceylon, BOC, multiple bill payments, merchant, online purchases, one-click pay, token, digital vouchers, bill presentment, remote payments, POS terminals, Internet Payment Gateway, IPG, digital payment

Agricultural Bank of China to trial interface for PBoC's central bank digital currency

News | Cryptocurrencies | 16 Apr 2020

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

People's Bank of China rejoins global monetary easing wave

News | Payments General | 30 Mar 2020

The People’s Bank of China (PBOC) has slushed the interest rate it charges on loans to banks by the biggest amount since 2015, according to CPI Financial.

People’s Bank of China, PBOC, banks, loans, China, coronavirus,

PayPal enters digital payments market in China with GoPay acquisition

News | Online Payments | 01 Oct 2019

The state-owned People’s Bank of China (PBOC) has greenlighted PayPal’s acquisition of a majority stake in local company GoPay.

PayPal, Peoples Bank of China, PBOC, acquisition, GoPay, digital payments, China

Binance research: Chinas digital currency could be two-tiered, replacing cash in circulation

News | Cryptocurrencies | 30 Aug 2019

Cryptocurrency exchange Binance has released a research that reveals China’s digital currency will most likely be a two-tiered system replacing notes and coins in circulation.

Binance, banks, cryptocurrency exchange, digital currency, retail banks, China, Peoples Bank of China, PBOC

Selling digital goods in LATAM – exclusive interview with Philipp Bock, allpago

Interviews | Interviews | 03 Apr 2019

“Ecommerce in Latin America is growing at an incredible pace, making this region an attractive opportunity for global merchants” Philipp Bock, allpago Founder and CEO

Philipp Bock, allpago, ecommerce, Latin America, payment methods, APMs, Mastercard, Visa, digital goods, shared economy, eleaning, acquirer, issuers, cards

HKMA, PBOC team up on cross-border mobile payments and other financial services

News | Payments General | 20 Feb 2019

The HKMA and PBOC have reportedly decided to work together on the introduction of cross-border mobile payments and other financial services.

Hong Kong Monetary Authority, HKMA, Peoples Bank of China, PBOC, cross-border payments, digital wallets, mobile payments

Brazilian payment regulation: why some providers had to stop processing Boletos

Voice of the Industry | Expert Opinion | 07 Feb 2019

Several ecommerce merchants and institutional providers have approached allpago over the last few weeks asking about the Brazilian payment regulation and why it`s no longer possible for them to transact with customers in Brazil using the popular Boleto Bancário post-payment service.

Brazil, allpago, payment regulation, ecommerce, merchant, debit card, credit card, payment providers, cross-border transactions, post-payment service, Boleto Bancario, Central Bank of Brazil, Philipp Bock, Bruno Balduccini, Pinheiro Neto Advogados

Peoples Bank of China eyes cryptocurrencies as possible yuan risk

News | Cryptocurrencies | 30 Mar 2018

People’s Bank of China (PBoC) has said cryptocurrencies will be one of its top priorities in 2018, in an effort to protect the national currency.

PBoC, regulation, crypto exchanges, yuan, China, cryptocurrency

Wirecard to deliver alternative digital payment options to Villeroy & Boch

News | Online Payments | 15 Feb 2018

Wirecard, Germany-based payments technology company, has signed an agreement to provide alternative payment options for Villeroy & Boch’s online customers.

Wirecard, Villeroy & Boch, ecommerce, online payments, alternative payment options

ICOs officially banned in China

News | Cryptocurrencies | 05 Sep 2017

China has outlined why it believes that ICOs are illegal under domestic law in a joint statement issued by seven financial regulators.

ICOs, China, illegal fundraising, cryptocurrency, tokens, regulation, illegal financing, online security, PBoC

New KYC and AML rules for Chinese Bitcoin users

News | Cryptocurrencies | 23 Mar 2017

Chinese Bitcoin exchanges have begun to require users to provide detailed information on their funds sources, and how they intend to use the funds they acquire.

Huobi, OKCoin, Bitcoin exchanges, blockchain, cryptocurrency, China, AML, PBoC, KYC

Chinas Bitcoin exchanges stop margin trading

News | Cryptocurrencies | 20 Jan 2017

Huobi and OKCoin, two large Bitcoin exchange businesses by volume, have officially announced that have discontinued margin trading services.

Huobi, OKCoin, Bitcoin exchanges, blockchain, cryptocurrency, China, margin trading, PBoC