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  • 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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