Tag: China

It's China's top mobile wallet app, which means the move affects a lot of people.

Sourced through Scoop.it from: www.techinasia.com

China's internet giants were behind the growth of e-commerce and third-party payment systems. Read more: www.marketwatch.com

The China peer to peer lending market is the largest in the world. One reason this is so significant is the fact this incredible amount of money is driven. Read more: www.crowdfundinsider.com

China has had a terse relationship with blockchain technologies in the past, though they are warming up to the idea of officially sanctioned blockchain solutions. Read more: e27.co

Hong Kong on Tuesday said it would establish a regulatory regime known as a "sandbox" for financial technology innovation in the banking sector, amid fears the city is losing ground to China, Australia and Singapore in the fintech race. Read more: www.reuters.com

Alipay is getting help expanding in Europe thanks to Wirecard, which made an app so retailers can accept the payment method. Read more: www.pymnts.com

Financial innovation firm R3 has announced the addition of China Merchants Bank (CMB) to its partnership dedicated to blockchain development. Read more : www.finextra.com

People’s Bank of China Vice Governor Fan Yifei said the monetary authority is pushing to supervise private digital currencies and develop its own digital money. Read more: www.bloomberg.com

China-based lending platform CreditEase is expanding its financial services offering to provide supply chain financing and other services to small businesses in the nation. Read more: www.pymnts.com

Xiaomi is launching its first payment system on September 1st. The system is called Mi Payn and will join smartphone payment systems, like Android Pay and Apple Pay. Read more: www.pymnts.com