Tag: China
Airwallex achieves ‘milestone’ China expansion
Airwallex has confirmed its expansion in China through securing a payment business license in the region.
It comes following the successful acquisition of a 100%...
Paysera opens up new USD payments corridor to China
Fintech firm Paysera has confirmed the addition of a feature that allows businesses to buy goods, commodities and technology from China.
The payments can be...
Shanghai plotting a $52 billion dive into the metaverse
Shanghai plans to invest $52bn into the metaverse as the Chinese capital seeks to build a digital infrastructure for its tech industry.
Hoping to complete...
Xi Jingping approves development for a ‘healthy’ Chinese fintech space
Xi Jinping, China’s President, headed a meeting last Wednesday approving development plans for a ‘healthy’ fintech sector.
The meeting, centred around the commission for deepening...
Mobile wallet market forecasted to grow by 22% by 2031
Research carried out by Transparency Market Research expects the global mobile wallet market growing by 22.2% over a forecasted period between 2022-2031.
These recent findings...
Ant Group to become a majority shareholder of 2C2P
Upon completion, the partnership will see Alipay+ further expand its merchant pool outside of China.
AGTech acquires Macau Pass in an “important milestone” move
Hong Kong lottery hardware firm AGTech has purchased fintech Macau Pass as part of the region’s development strategy.
Having been granted a financial licence in...
Tencent set for significant fine over AML failings
Chinese tech giant Tencent is reportedly close to being fined a record amount following the firm’s WeChatPay offering falling short of AML guidelines.
The mobile...
Alvin Chau reportedly arrested following money laundering allegations
Following allegations over connections to cross-border gambling and money laundering, it’s been reported by Reuters that Alvin Chau, the Founder of Suncity, as well...
Chinese property market has potential to elevate digital currency turbulence
Developments in the Chinese market, specifically surrounding the potential fall of the region’s second-biggest property developer, Evergrande, has led to significant turbulence in the...
