Tag: China
A new world payments order? Europe’s bid to move away from...
President of the European Central Bank (ECB), Christine Lagarde, recently spoke about Europe's overreliance on US and Chinese payment firms in the midst of...
American Express cards gain access to Alipay digital wallet
American Express (Amex) customers traveling to China can now access their cards via Alipay’s digital wallet via a link. All eligible global Amex customers can...
UK to step up financial services relationship with China to tune...
Despite some major points of contention and political tensions between the two countries, the UK and China have agreed to strengthen links around financial...
Allan Kissmeyer, SEB: further politicisation of global trade relations could be...
To say the world has been going through a period of instability of late may seem like an understatement to many people. Conflicts in the...
Mastercard NetsUnion processes first domestic China payments
Mastercard has processed its first payments in China through Mastercard NetsUnion, a joint venture between the US payments giant and the Chinese banking network.The...
Mastercard JV receives approval for domestic payments processing in China
Mastercard’s joint venture (JV), Mastercard NUCC Information Technology (Beijing) Co. Ltd, has been approved to begin domestic bankcard clearing activity in China. The approval was...
Global remittances to China at heart of Visa-Tencent partnership
Visa has revealed a new partnership with Tencent Financial Technology to unlock inbound remittances for users of Weixin - the Chinese alternative to messaging...
Chinese firms offered incentives to move into new CBDC industrial park
A new industrial park has opened in the Chinese district of Luohu, Shenzhen that will focus on developing Central Bank Digital Currency (CBDC) technologies. The...
China reaches $250bn in CBDC transactions
China has recently reached a financial milestone by surpassing $250bn (£196bn) in Central Bank Digital Currency (CBDCs) transactions.Reuters reported that this was revealed by...
Ant Group hit with $985m fine amidst China’s regulatory crackdown
China’s central bank has issued one of the country’s largest fines against fintech giant Ant Group over various financial regulatory violations. Ant Group, subsidiary of...
