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Find here all the latest articles, news, and research on PBOC and other PBOC-related topics:

Find here all the latest articles, news, and research on PBOC and other PBOC-related topics:

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Alipay to participate in testing China's CBDC

News | Cryptocurrencies | 10 May 2021

Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem.

CBDC, digital currency, central bank, Alipay, PBOC

Ant Financial refuses to share more consumer data with China's central bank

News | Digital Identity, Security & Online Fraud | 04 Mar 2021

Ant Group has defied government pressure to share more consumer data with China’s central bank, after it was forced to pull its record USD 37 billion initial public offering in 2020.

data privacy, PBOC, banks

Central banks from China, Thailand, UAE, Hong Kong to explore digital currency for cross-border payments

News | Online Payments | 24 Feb 2021

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have worked together to study the application of central bank digital currencies (CBDC).

digital currency, DLT, CBDC, PBOC, cross-border payments

SWIFT sets up financial gateway joint venture in China

News | Payments General | 05 Feb 2021

SWIFT, the global system for financial messaging and cross-border payments, has set up a financial gateway joint venture (JV) with subsidiaries of the People’s Bank of China (PBoC).

SWIFT, China, PBOC, JV, CNCC, fgis, finance gateway information service, pcac, venture, funding

PBOC drafts antitrust measures for non-bank payment companies

News | Online & Mobile Banking | 22 Jan 2021

China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry, such as Ant Group’s Alipay and Tencent’s WeChat Pay.

PBOC, Ant Group, Tencent, fintech, payment market, banking, monopoly

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 JD.com 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

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, PBOC, payments , payments reconciliation, payments settlement, Asia, APAC

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