Articles with tag: china

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XTransfer gets funding to step up investment in AML and risk management

23 Oct 2020 | E-invoicing, SCF & E-procurement

XTransfer, a Chinese cross-border financial services and risk management company, has completed a Series C1 round of financing.

XTransfer, China, cross border payments, funding, risk management, AML, trade finance, data

China tests its CBDC in Shenzen

20 Oct 2020 | Online Payments

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

Ant Group gets Hong Kong IPO approval

20 Oct 2020 | Payments General

China-based Ant Group has received green light from Chinese regulators to list in Hong Kong, another step towards a large IPO.

Ant Group, Hong Kong, IPO, stock list, Alipay, China, CSRC, Star Market,

Ant Group's stock listing raises USD 9 billion

12 Oct 2020 | Payments General

Five Chinese funds targeting Ant Group’s upcoming stock listing have raised approximately USD 9 billion cumulatively from more than 10 million retail investors.

Ant Group, China, stock listing, IPO, fintech, Alipay

China's CBDC will be distributed in Shenzhen as part of public trials

12 Oct 2020 | Cryptocurrencies

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,

Ant Group's stock listing raises USD 9 billion

12 Oct 2020 | Payments General

Five Chinese funds targeting Ant Group’s upcoming stock listing have raised approximately USD 9 billion cumulatively from more than 10 million retail investors.

Ant Group, China, stock listing, IPO, fintech, Alipay

Australia-based Airwallex secures a total of USD 200 mln in Series D

30 Sep 2020 | Payments General

Payments and banking group Airwallex has extended its latest funding round by another USD 40 million, taking the company to a Series D funding round of USD 200 million, according to AltFi.

Australia, Airwallex, series D, payments, banking, fintech, digital banks, alternatie lenders, banking services, payments processing, currency exchange, Skip Capital, Tencent, Salesforce Venture, Sequoia Capital China

DHgate introduces MyyShop for building a decentralised ecosystem

21 Sep 2020 | E-invoicing, SCF & E-procurement

China-based B2B cross-border ecommerce marketplace DHgate has launched MyyShop, a new Software-as-a-Service (SaaS) product for decentralised cross-border ecommerce.

DHgate, MyyShop, ecosystem, decentralisation, China, B2B, cross-border, ecommerce, marketplace, SaaS, cross-border ecommerce, pandemic, international trade, local economy, SMEs, global trade, consumer-centric ecosystem, ecommerce infrastructure, Facebook, Instagram, WhatsApp, TikTok, online store, dropship, traffic monetisers, social commerce influencers

Deutsche Bank provides USD 43 mln trade finance facility for rural Myanmar

15 Sep 2020 | E-invoicing, SCF & E-procurement

Deutsche Bank has announced that it has provided a USD 43 million account receivable purchase facility to China National Technical Import & Export Corporation.

China Export & Credit Insurance Corporation, Deutsche Bank, trade finance, trade finance facility, banking, trade financing, Myanmar, Asia, APAC

Zwipe and CardMatix partner on mass-production of Zwipe Pay ONE

14 Sep 2020 | Cards

Norway-based biometric fintech company Zwipe and card manufacturing equipment supplier Cardmatix have teamed to build fingerprint sensors for biometric payment card manufacturing.

Zwipe, Cardmatix, biometric authentication, partnership, China, Norway, Europe, biometric fintech company, card manufacturing equipment supplier, payments card,

Azimo partners with Alipay to provide instant money transfers to China

10 Sep 2020 | Online Payments

Global money transfer service Azimo has announced a partnership with Alipay.

Azimo, money transfer, Alipay, China, Alipay ID, remittance market, online payments

Payments are taking a 'big digital leap forward' and there's no turning back

10 Sep 2020 | Ecommerce

Damien Perillat, SVP, Global Online at Ingenico Group, reveals key takeaways regarding the potential of the ‘high-growth markets’ and the ‘digital wakeup call’ that industries face during the COVID-19 pandemic

Damien Perillat, Ingenico, PayPal, COVID-19, consumer behaviour, cashless payment methods, ecommerce, staycation, merchants, cross-border payments, marketplaces, Russia, India, Brazil, China, alternative payment methods, digital payments, e-wallets, Buy Now Pay Later

Chinese video sharing platform Kuaishou continues investing in livestreaming ecommerce

02 Sep 2020 | Ecommerce

China-based video-sharing platform Kuaishou has announced it will launch an “incubation plan” to boost its ecommerce business.

Kuaishou, video sharing platform, partnership, China, ecommerce, social commerce, Asia, APAC, Sichuan province

UnionPay launches digital card across Mainland China

01 Sep 2020 | Cards

China-based financial services company UnionPay has launched its digital bankcard, teaming with commercial banks, mobile phone manufacturers, key merchants, and payment institutions. 

UnionPay, cards, digital bank card, financial services, digital card, QuickPass payments, mobile payments, QR code payments, bank transfer, China, Asia, APAC

Asian stocks increased by new US-China trade progress

01 Sep 2020 | E-invoicing, SCF & E-procurement

Asian stock markets have observed an increase following the US-China progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.

Asia, stocks, US China trade, US, China, trade, coronavirus, treatment, global investor, MSCI, APAC, Japan, Nikkei, Australia, S&P, ASX, Futures, Europe, Euro STOXX, FTSE, Phase 1 trade deal

After soft launch of digital yuan wallet, Chinese bank disables the app

31 Aug 2020 | Cryptocurrencies

China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.

DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app

Indian ecommerce retail market expected to cross USD 100 bln by 2024

28 Aug 2020 | Ecommerce

A white paper published by A&M India and CII Institute of Logistics has estimated that the ecommerce retail space in the country with prompt growth by five times in the next five years.

A&M India, CII Institute of Logistics, India, Asia, APAC, ecommerce, study, marchants, US, China,

Yas Theme Parks, CellPoint Digital partner to launch Alipay in UAE

27 Aug 2020 | Mobile Payments

CellPoint Digital has been selected by Yas Theme Parks in Abu Dhabi, UAE, to enable the use of Alipay as an online payment method.

CellPoint Digital, Yas Theme Parks, Abu Dhabi, UAE, Alipay, online payment method, alternative payment methods, China, mobile payment method, payment orchestration, Velocity, card schemes, acquirers, payment service providers, PSPs, Velocity Alternative Payment Hub, e-wallets, Google Pay

Fintech investment deals edge higher in the first half of 2020 compared to 2019, Accenture

27 Aug 2020 | Payments General

The total value of fintech deals globally has risen 3.8%, to USD 23.1 billion from USD 22.3 billion in the first half of 2019, even as the COVID-19 pandemic spread around the world.

fintech, insurtech, lending, investments, Europe, US, China, banking, VC, fundsing, statistics, Stripe, Revolut, Accenture

China-based ecommerce players get boost as consumers continue to shift online

25 Aug 2020 | Ecommerce

China-based ecommerce players have experienced a boost as more consumers shop online and businesses try to digitise in the aftermath of the COVID-19 outbreak, CNBC reports.

China, ecommerce, food delivery, COVID-19, Meituan Dianping, delivery services, merchants, Alibaba, JD.com