In brief: Alipay cracks under pressure from China
The Chinese state is tightening its grip on the FinTech Alibaba. Its financial subsidiary Ant Group is particularly targeted. To better control i...
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In brief: China advances its e-yuan
Central Bank Digital Currency projects are progressing all over the world. In China, a new step has just been taken to impose the digital yuan (e...
PayPal’s First Steps in China with GoPay
FACTS The People’s Bank of China agreed to PayPal’s buyout of a majority stake (70%) in the local payment company, GoPay.
China to Issue Own Digital Currency
FACTS During the China Finance 40 Forum event, People's Bank of China reported their virtual currency could be considered operational after...
Carrefour Generalising Face Recognition for Payments in China
FACTS At this year’s China Connect event held on March 12th and 13th in Paris, the retail giant described their omnichannel approach and st...
REX: Ant Financial Becomes 2nd Largest Lender in China
Despite a tougher regulatory environment for securitising its loans, Ant Financial’s consumer lending activity has been growing strong, reaching ...
Honda Aims for China, Partners with Alibaba
The Nikkei Asian Review reports that the Japanese car manufacturer Honda Motor has been expanding their partnership with Alibaba. This agreement ...
Issuing: Citigroup Will Be Proposing Cards in China
The US-based Citigroup has been granted required permissions from the China Banking Regulatory Commission to issue retail and commercial cards...
Contactless: Partnership between China Mobile and CUP
The major mobile carrier China Mobile (667 million subscribers) and the Chinese domestic card scheme China UnionPay have partnered to work on the...
M-wallet: American Express’s Serve Opening to China
American Express announces an agreement with Chinese payment services specialist Lianlian group to allow for the launch of Serve in China. The pl...
e-CNY payment becomes available offline
The People's Bank of China (PBOC) has added a feature to its yuan digital payment app that allows users to continue making offline payments u...
WeChat Pay Makes Plans for an Instalment Option
FACTS Tencent would be planning to add an instalment service in China by the end of the year. This option, called “Fen Fu” for now, should...
SimbaPay and Family Bank Team Up to Streamline Micro-Companies’ Money Transfers
FACTS The London-based FinTech SimbaPay and the Kenyan bank Family Bank teamed up to introduce an instant money transfer solution for custo...
JD.com Investigates Blockchain-as-a-Service
Just a few months after they launched a Blockchain and AI-dedicated start-up accelerator, the number 2 e-commerce specialist in China JD.com intr...
Ant Financial: Record Funding Round and Strategic Shift
Many rumours made the rounds, but Ant Financial –financial arm for the e-commerce giant Alibaba– eventually announced a $14 billion funding round...
PSA Launches a Mobile App for Car Credit Applications
Following a rather unfruitful year in China, the French manufacturer stresses their competitive impact and local implantation. They are unveiling...
Self-service: Ubox Enabling M payments at Vending Machines
In China, Ubox proposes the eponymous mobile app for Android, iPhone and Java-based phones allowing customers to made mobile payments at vending ...
UnionPay Cards Launched in the UK
The card scheme China UnionPay issues roughly 7 billion cards in 48 countries, and is making further progress in Europe. They will soon be landin...
Cobranding: CMB Launches First Social Bank Card with Renren Network
The Commercial Bank of China has just announced its plan to trial a new bank card cobranded with Chinese social network Renren in July 2011.This ...
CUP Accepted via WorldPay
The Chinese domestic card scheme China UnionPay has entered an acquisition partnership with UK’s number one PSP WorldPay. This agreement enables ...
