Archive
Tencent’s WeChat Pushes for Mainstream Adoption of Facial Recognition Payment
China has been quick to embrace facial recognition, a technology that’s already being used for making payments at numerous shops, supermarkets and restaurants. The latest development in the field comes from China’s Internet giant Tencent, which showcased last month, at
Read More
China Lays Out 6 Key Fintech Focus for the Next 3 Years
The People’s Bank of China (PBOC), the country’s central bank, has released a three-year fintech development plan that aims to improve the quality of financial services, strengthen regulation on technology-driven innovations, and prevent financial risks. China wants to make its
Read More
How Tencent is Trying to Fill China’s US$805 B Insurance Gap Using Social Media
Over the past years, China’s Internet giant Tencent has been expanding its strategic positioning in the insurance industry. The Chinese firm’s latest move has been to lead Xiaobang Guihua’s RMB 200 million (US$28.4 million) Series B equity funding round in
Read More
New IMF Paper Explores the Rise of Digital Money
As digital money grows in popularity, banks and credit card companies are facing increased competition from technology companies which are coming up with new ways to transact that are easier, more convenient and cheaper. Cash and bank deposits are battling
Read More