China
Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users
Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global network to send international payments to Weixin users. Weixin, with its international version known as WeChat, facilitates one of China’s
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China To Dominate The Insurtech Industry: New Report Shows
A new report estimated that China’s insurtech market would grow 36.88 percent CAGR between 2022 and 2031 to reach 34.05 trillion yuan (US$4.76 trillion). In 2021 alone, the market’s revenue was 1514 billion yuan (US$211.7 billion), according to Research Nester,
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Ant Insurance Launches China’s First Digital Operation Platform for Insurance Companies
Ant Group‘s online insurance agency platform Ant Insurance has launched digital operation platform Xingyun (translated as nebula) for insurance companies in China. According to Ant Insurance, the Xingyun platform is the first of its kind in the country. Powered by
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Top 7 Most Well-Funded Fintechs in Mainland China in 2022
China’s fintech sector has taken a big hit these past couple of years amid a broad crackdown on the tech sector that started in 2020. After largely giving tech companies free rein to grow, China has tightened its grip on
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OneConnect Listed on the Main Board of the Hong Kong Stock Exchange
OneConnect Financial Technology, a technology-as-a-service provider for financial institutions, announced that it has successfully listed, by way of introduction, its ordinary shares on the main board of the Stock Exchange of Hong Kong (SEHK). The shares are traded on the
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Wisecard Ties up With Zwipe to Offer Biometric Payment Cards
Wisecard Technology, a Chinese solution provider for smart card issuance and innovative payment platforms, has partnered with Zwipe to bring biometric payment cards to consumers in the Asia Pacific (APAC) region. Through this partnership, Wisecard will deliver pre-built personalisation scripts
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WeBank Launches Its New Brand “WeBank Blockchain” to Focus On ESG
WeBank, a digital-only bank in China, launched its new brand “WeBank Blockchain” which will be focused on building trusted ESG infrastructure to promote equity and sustainable development for its blockchain technology. To better promote ESG development, WeBank Blockchain will focus
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KPMG Releases China Top 100 Fintech Companies List of 2021
KPMG China has released its annual selection of the country’s top 100 fintech enterprises and emerging leaders. Like previous years, the 100 companies comprising the 2021 China Leading Fintech 50 and Future 50 selection were chosen by a committee of
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EMQ Offers Real-Time, Multi-Currency B2B Payment Offerings to China
Global payments network EMQ further strengthens its multi-currency B2B payment offerings for enterprises with options including same-day settlement in RMB and USD across its payout network reaching over 150 banks in China. With EMQ Connect API, customers can pay directly
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Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for their cooperation on fintech innovation and supervisory exchanges in the region. The two regulators have agreed to link up the
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