Tag: China

Stay updated on the payments industry in China. PaymentsJournal offers expert analysis and news on trends, regulations, and innovations impacting the financial landscape in China.

UAE Conducts First Cross-Border CBDC Payment

by Connie Diaz De Teran

February 6, 2024

To mark the 50th anniversary of the Central Bank of UAE, the first central bank digital currency (CBDC) transaction was ...

Mastercard to Launch Bank Card Business in China

by Connie Diaz De Teran

November 27, 2023

The People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) has formally approved Mastercard’s initiative to ...

Alipay E-commerce Market in South Korea to Surpass US$242bn in 2025, Says GlobalData

Alipay+ Expands in South Korea to Tap Into Tourism Rebound

by Josh Einis

September 1, 2023

Ant Group, the Chinese fintech giant behind Alipay, has teamed up with an electronic wallet operator in South Korea to ...

Will Growing Scrutiny Over TikTok Impact its E-Commerce Efforts?

by Connie Diaz De Teran

June 14, 2023

Popular social media app TikTok is facing continued scrutiny, now over alleged mishandling of user data. According to Gizmochina, U.S. ...

card networks WeChat Bolstering Business Brands with Discover® Global Network White Label Credit Cards

WeChat Integrates Digital Yuan to Drive Adoption of CBDC in China

by Josh Einis

March 9, 2023

WeChat has integrated the digital yuan into its platform, enabling users to pay for goods and services using their Central ...

Monneo enlists Coinbase to allow invoices to be paid in crypto, blockchain

New Developments in Blockchain in China

by Josh Einis

January 6, 2023

China claims to have more than 1,400 companies that are ‘developing blockchain solutions,’ according to a post in CoinGeek. The ...

Touch ‘n Go Wallet Expands to China, Opening New Markets

by Jordan Hirschfield

November 11, 2022

Malaysia digital wallet app Touch ‘n Go has partnered with Alipay+ (operated by Ant Group). They will begin operations in ...

China Utilizing Digital Silk Road to Provide Digital Access in Developing World

by Jordan Hirschfield

October 28, 2022

Technology is increasingly moving from physical to digital implementations. Opportunities to improve access in developing nations is becoming easier, faster, ...