Tuesday, January 19, 2021
Tags China

Tag: China

WeChat partners with London payments firm

London-based FinTech firm has announced it is to partner with the tech firm to provide payment options within WeChat’s wildly popular payment app. Read more: bdaily.co.uk

Digital money adoption would bring banking to 220 million

A spike in digital money usage would help narrow the amount of underbanked individuals across the globe, but many countries are slow to progress. Read more: bankinnovation.net

Yongqianbao nabs $67m for micro lending app

Beijing-based mobile lending app Yongqianbao has picked up $67m in a funding round. The round was led by Golden Brick Capital Management. Read more: www.fintechroundup.com

Hong Kong trade finance goes Deloitte-fully blockchain

Deloitte, the Hong Kong Monetary Authority and trade finance banks in Hong Kong have developed a distributed ledger technology. Read more: www.bankingtech.com

Tiger Brokers adds another $14m to Series B round

Chinese online brokerage Tiger Brokers has tacked on another $14m to its Series B round. China Growth Capital led the Series B+ round. Read more: www.fintechroundup.com

Alibaba to allow financial institutions to set up shop

Ant Financial's investing app Ant Fortune unveiled Caifu Hao earlier this week. Read more: e27.co

Are California’s Bitcoin exchanges doomed?

Increasing regulation eviscerated Bitcoin trading in China, which could also spell trouble for Western exchanges like Coinbase and Kraken. Read more: bitcoinist.com

Apple faces competition in China’s mobile payments market

Dong Ximiao was buying a meal at KFC and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?”. Read more: www.bloomberg.com

Australian delegation visits China pitching FinTech

Austrade, the Australian government trade commission for exporters and information, is in China this week. Read more: www.crowdfundinsider.com

Ant Financial considers higher offer for MoneyGram

In January, Ant Financial first announced the plan to acquire US-based money transfer service MoneyGram. Read more: www.e27.co