Articles with tag: pboc

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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

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

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

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

16 Jun 2020 | Mobile Payments

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

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

16 Apr 2020 | Cryptocurrencies

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

30 Mar 2020 | Payments General

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

01 Oct 2019 | Online Payments

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

30 Aug 2019 | Cryptocurrencies

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

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

20 Feb 2019 | Payments General

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