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  • Study: Germans have strong reservations about mobile payments

    According to a new consumer study, there are particularly strong reservations about paying by mobile phone in Germany. According to the survey of 2,500 residents of 10 European countries, at the end of last year only 5 percent of German consumers used their smartphone for making payments.


  • China's mobile payments continue fast growth in Q1

    China's mobile payments continued rapid growth in the first quarter, central bank data showed.


  • Shanghai, Hangzhou, Beijing lead China's mobile payment development

    Shanghai, Hangzhou and Beijing were the top three Chinese cities seeing the strongest development in mobile payment in 2018, a recent report showed.


  • Mobile payment gaining steam in rural China

    Mobile payment is gaining steam in China's rural areas, strengthening its dominant position in online payment in rural areas, according to the country's central bank.


  • China's WeChat Pay to boost Malaysia's digitalization drive: Malaysian finance minister

    Digital payment platforms such as WeChat Pay of China's tech giant Tencent will help prepare Malaysia for the digitization and cashless payment society, Malaysian Finance Minister Lim Guan Eng said Tuesday.


  • China speeds up layout of mobile payment service in Greater Bay Area

    Chinese payment giants such as WeChat, Alipay and UnionPay are accelerating their layout of mobile payment service in the Guangdong-Hong Kong-Macao Greater Bay Area.


  • China's mobile-payment users reach 583 mln in 2018

    About 583 million people used mobile payment in China in 2018, up 10.7 percent over 2017, according to a report from the China Internet Network Information Center (CNNIC).


  • Economic Watch: Tech giants lavish lucky money in mobile users race

    A week ahead of Chinese New Year, many Chinese are busy collecting red envelopes, not from their relatives or friends but from deep-pocketed tech firms.


  • Tencent teams up with Line on mobile payment service in Japan

    China's internet giant Tencent will partner with Japan's chat app operator Line to provide mobile payment services for small Japanese retailers, Nikkei business daily reported, sending the latter's share up 13 percent on Tuesday.


  • Tencent, Unionpay jointly launch two-way cross-border payment

    China’s tech giant Tencent and Unionpay jointly launched two-way cross-border payment service to facilitate Hong Kong resident’s travel and consumption in mainland China, according to official announcement from Tencent.


  • Hong Kong launches Faster Payment System (FPS)

    The Hong Kong Monetary Authority (HKMA) announced on September 17 the launch of Faster Payment System (FPS) that accepts Hong Kong Dollar (HKD) and renminbi (RMB) and operates on a round-the-clock basis.


  • Mobile payment on fast growth in China

    China's mobile payments continued fast growth in the second quarter of 2018, the central bank data showed.


  • BOC, China UnionPay ink strategic cooperation agreement on mobile payment

    Bank of China has recently signed a strategic cooperation agreement about mobile payment with China UnionPay.


  • More than half billion Chinese pay by mobile phones: report

    China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report.


  • China’s payment business operates steadily in Q1

    In the first quarter, the national payment system operated steadily, with the scale of social capital transactions continuing to expand and the amount of payment services rising steadily, according to the statistics released by the People's Bank of China.


  • China's mobile payment posts robust growth in 2017

    China's mobile payment posted robust growth last year and is gradually replacing generally PC-based online payment, a report showed Thursday.


  • China third-party mobile payment market up 27.9 pct in Q4

    China's third-party mobile payment market expanded 27.9 percent quarter on quarter in the fourth quarter of last year, according to market research firm Analysys International.


  • China toughens supervision on third party payment

    China's third-party payment companies may face intensified competition as regulators step up oversight of the industry to prevent financial risks.


  • China eases market access for foreign payment firms

    China's central bank on Wednesday laid out the rules for foreign-invested payment firms over market access and supervision, in a bid to open up its payment service market and encourage competition.


  • China's digital financial services land in Pakistan to boost mobile payment

    A major Chinese digital financial services company on Tuesday invested 184.5 million U.S. dollars to a mobile payment services Easypaisa in Pakistan to help boost the country's mobile payment and digital financial services.


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