China
Ant Financial’s MYBank Reports Nearly Doubling of SMEs Served in 2019
MYbank, an online private commercial bank under Ant Financial Services Group, stated in its annual report released today that it has served 20.87 million small and micro businesses in China as of the end of 2019. As part of the
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41 Fastest Growing Fintechs in China According to IDC
IDC Financial Insights released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players based
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TransferWise Partners with Alipay for Instant Online International Money Transfers
TransferWise, today announced a partnership with Alipay, to provide its users with fast, affordable and convenient international money transfers to China. According to World Bank stats, China is projected to be one of the top remittance recipient countries in the
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Alipay Announces Three-Year Plan to Take On WeChat’s Mini Programs
Alipay, a leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China. The plan marks a major
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Chinese Fintech Attracted Investments of Over US$ 900 Million in 2H 2019
Fintech companies in China attracted USD 962.2 million in investments from venture capital, private equity and M&A in 2H 2019, resulting in a total of USD 4,479 million in investments for the whole of 2019, according to KPMG’s Pulse of
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Zinvest Financial Joins the Zero-Commission Crusade
Zinvest Financial (“Zinvest”), a SEC-registered investment adviser that offers advisory & trading resources to US-Asia investors, today announced its official launch. Headquartered in Anaheim, California, Zinvest offers no-fee investment advice on US securities, access to national market data, stock trading
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Mastercard’s Entry into China Paints of Picture of China’s Market Liberalisation
Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing institution in China, the company announced on February 11. The news is significant for Mastercard, which has been looking to
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Easy Euro Raises US$ 4 Million to Provide Digital Banking Services to SMEs
EasyEuro a fintech startup that describes itself as a Paris and Shenzhen based company offering digital banking services to SME trading between Europe and Asia – with initial focus on China, has announced the completion of a US$4 million pre-A funding
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3 Ways China’s Bigtechs are Helping to Tackle the Coronavirus Crisis
In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant Financial, the financial affiliate of e-commerce giant Alibaba, have deployed solutions and set up financial aid programs to help combat
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China Releases Facial Recognition Payment Guidelines Amidst Growing Privacy Concerns
Amid growing adoption of facial recognition payments, the Payment & Clearing Association of China has released self-discipline guidelines aimed at tackling associated risks, reports Chinese media outlet Caixin. The guidelines detail several principles related to user consent and data collection
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