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RMB retains 4th spot as currency for global payments: SWIFT
The Chinese currency renminbi (RMB), or the yuan, retained its spot as the fourth most active currency for global payments by value in February, according to a report.
April01,2024
China's Hainan trials program to streamline payments for foreigners
South China's Hainan Province has started public testing of a program designed to resolve payment issues for foreign nationals visiting China.
March05,2024
Beijing airports enhance payment facilities for foreigners
Beijing Capital International Airport and Beijing Daxing International Airport have created a more convenient payment experience for foreign visitors.
February06,2024
Chinese tech giants facilitate mobile payments for overseas tourists
Alipay and WeChat Pay, China's two major payment apps, recently allowed foreign users to link international credit cards to their platforms, a move that will provide great convenience to foreign travelers in China's cashless society.
August04,2023
China to expand mobile payment application scenarios, PBOC
China will try to expand application scenarios of mobile payment and optimize infrastructure to support its development, the People's Bank of China (PBOC) said on Thursday.
April24,2020
Strict supervision to support quality growth of payment industry: official
China has been tightening supervision on the payment institutions to ensure quality development of the sector, said Fan Yifei, deputy governor of the People's Bank of China (PBOC) at a forum.
December02,2019
China UnionPay aims to access up to 70 pct of Finnish merchants by 2020
Nets, the largest Nordic payments provider, has decided to offer China UnionPay, the world's largest card issuer, the access to its Finnish clients, UnionPay confirmed on Saturday.
September23,2019
Spotlight: German city eyes to better serve Chinese tourists through introduction of mobile payment methods
"Chinese people are very welcome and we are very interested to get more knowledge of Chinese culture and to provide them with better service in Stuttgart through the introduction of mobile payment methods like Alipay and WeChat Pay," the director of tourism Stuttgart told Xinhua recently.
July19,2019
Chinese banks post robust growth in mobile payments
Chinese banks posted robust growth in mobile payments in the first quarter of this year, according to the People's Bank of China (PBOC).
May28,2018
China's mobile payment volume tops 81 trln yuan
China's mobile payments totaled 81 trillion yuan (about 12.77 trillion U.S. dollars) as of October 2017, the world's largest volume, official data showed.
February22,2018
US payment firm to buy British rival for 10 billion dollars
U.S. credit card processing company Vantiv agreed to buy its British-based rival Worldpay for 8 billion pounds on Wednesday, a latest move in the wave of payments company mergers as consumers moving away from cash transactions to digital payments.
August10,2017
Chinese banks join global payments innovation to facilitate B&R construction
An additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies, a press conference announced Tuesday.
May25,2017
Apple boss says Europe and U.S. way behind China on mobile payment
Apple boss Tim Cook said on Saturday that China outdoes the United States and Europe in the development of mobile payment technology because local people are more willing to embrace changes.
March20,2017
China's e-payment service provider eyes Shanghai listing
China's third-party payment firm Lakala is seeking initial public offering again despite last year's setback, its board chairman Sun Taoran revealed.
February20,2017
RMB cross-border payment maintains 10 pct m-o-m growth
Transactions via the RMB cross-border payment system have seen steady growth since the system was launched over a year ago and maintained a month-on-month growth of roughly 10 percent in the second half of this year, said Zhang Xin, general manager of Chi
December14,2016
RMB cross-border payment maintains 10 pct m-o-m growth
Transactions via the RMB cross-border payment system have seen steady growth since the system was launched over a year ago and maintained a month-on-month growth of roughly 10 percent in the second half of this year, said Zhang Xin, general manager of Chi
December14,2016
Now, UnionPay slips through barcode for payments pie
China UnionPay, the national bankcard association, launched on Monday its own app and security standard for two-dimensional barcode payment.
December14,2016
UnionPay launches standards for QR code payment
Bank card association China UnionPay announced standards for Quick Response (QR) code payment services, a move that will cause a stir in the nation's mobile payment sector, which is dominated by Internet giants Alibaba Group Holding and Tencent Holdings.
December13,2016
China to halt licensing of new non-bank payment agencies
China's central bank said August 12 it will halt the licensing of new non-bank payment agencies as authorities tried to better regulate the fast-expanding industry.
August19,2016
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