Tag: China
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...
Worldline Digital: Why China is a rising ecommerce powerhouse
Raymond Cui, Head of Marketplaces at Worldline Digital Commerce, writes for PaymentExpert on the growing ecommerce marketplace in China.
One of the few countries to...
Republican politicians cite data concerns in warning over use of Chinese...
A group of Republican politicians have warned against the use of China’s digital currency at the upcoming Beijing Winter Olympics.
Senators Marsha Blackburn, Roger Wicker,...
PayPal affirms commitment to cross border payments with new acquisition
PayPal has commenced the year by becoming the first foreign operator to take full control of a payment firm in China.
Following on from its...
Fingerprints continues growth passing security test from BCTC in China
Strengthening its growth, Fingerprint Cards AB’s recently announced second-generation T-Shape sensor module and software platform for payments, FPC-BEP, have passed the accuracy and security...
Deutsche Bank approved for China’s Safe foreign currency payments pilot scheme
Deutsche Bank has become the first European bank to be approved for the State Administration of Foreign Exchange (SAFE)’s Pilot Scheme for Facilitation of...
