UBS vies for Chinese digital bank licence
The rules are designed to ease foreign access to China’s financial market.
The rules are designed to ease foreign access to China’s financial market.
It puts Afterpay at a market capitalisation of more than AUD 8 billion ($5.1 billion).
The firms will also create a “next-generation” suite of central banking products.
Chinese manufacturer borrows a selection of Apple Card features for new product.
A brief overview of how governments and financial regulators have reacted to coronavirus.
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
Asia’s mega funding rounds make Europe’s look like child play.
European merchants can integrate WeChat Pay “in just a few minutes”.
TransferWise customers just need the recipient’s name and Alipay ID.
The region is full of promise and possibility for investors and entrepreneurs alike.
The move marks a shift in the business from financial to digital services.
PBOC published its ISO 20022 migration plan as long ago as 2011.
Europe and USA have to create their own ecosystems to compete with the East.
Klarna is already embedded into Alibaba’s AliExpress.
The Chinese ecommerce market is currently valued at more than $1 trillion.
The effects of the coronavirus on the local fintech market isn’t all negative.
The issue of accuracy is one which is often cited but rarely explained.
Job loss figure more than triple the number expected to be cut by the bank.
Hong Kong firm goes live on Fusion Sophis.
The industry is undecided over roughly $1 billion dollars.
London-based firm gives users green light to sent money to Alipay wallets.
New set of rules could see a bevy of digital challengers in China.
The lab will also “supercharge” Ping An’s AI-based services.
UnionPay’s QuickPass serves just 240m users, whilst 1.2bn use Tencent’s WeChat.
Only 2,985 of the 10,900 leasing firms in China are active businesses.
New York, Singapore, and Shanghai all switch to Avaloq system.
He had been at the Canadian firm for nine years.
The start-up wants to expand its presence in Singapore and Mainland China.
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
The rumoured order comes amid rising political tensions.
Du Xiaoman Financial talks fintech and AI in China.
Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.
The fund is for payments and online finance start-ups.
Now the central bank could be entering phase two of its project.
Paysafecard and G2 Esports reveal how paytech taps underbanked gamers.
The Monetary Authority of Singapore (MAS) has five licences on offer.
The company aims to seek a listing hearing as soon as February.
Russian official says the association is looking to reduce reliance on USD.
“We [the banks] are fintechs,” says Sberbank’s CTO
Chinese payments firm continues its acceptance march in Europe.