Search Results for "Alipay"
WeChat Broaden Digital Yuan Acceptance, Accelerating CBDC Adoption
China-based messenger app WeChat has announced that it has expanded digital yuan payments to its short video and mini-app platforms. This update is an extension of the e-CNY payments option that WeChat has already supported since early 2022. The move
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Hong Kong’s Banking Customers Expectations Are Shifting — Here Are The Key Findings
In Hong Kong, COVID-19, the advent of virtual banks and changing customers’ expectations are transforming the retail banking landscape, prompting customers to increase their usage of online channels and embrace digital financial products, a new survey by Bain and Company
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Jack Ma Steps Down From Ant Group: The Inside Story
Jack Ma, the billionaire founder of Alibaba Group, is giving up control of the fintech unit Ant Group after China cracked down on the tech giant. Ma, one of China’s wealthiest men, has agreed to give up his voting rights
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China’s E-Commerce: Resilient Amidst Economic Downturn
With a population of 1.4 billion, China has all the makings of a hotbed for e-commerce, a match made in heaven. According to Global Data, the most populous country has a compound annual growth rate of 13.3 percent between 2018 and 2021,
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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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Currenxie Is Now a Part of Amazon’s Payment Service Provider Programme
Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it will be participating in Amazon’s Payment Service Provider (PSP) programme. Participating PSPs must have appropriate risk and compliance controls in place and work with Amazon to reduce the potential for
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Global Fast Track 2022 Eyeing Applications From Asia Pacific
Invest Hong Kong (InvestHK) has announced the launch of Global Fast Track 2022, a programme that helps fintech companies leverage the unique advantages of Hong Kong to scale in Asia while building a solid foundation for long-term growth. Returning for
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Who Are the Best Online Brokerages for Trading Stocks in China?
That’s the question I often ask my friends, colleagues and readers of this blog. It’s a complex question to answer because what constitutes ‘best’ is not merely about fees or commissions. It frequently changes as new online brokerages enter or
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Wallyt Partners Asia United Bank to Accept Mastercard’s QR Code in the Philippines
Wallyt, a Hong Kong-based digital payment and open banking solutions provider, has partnered with the Philippines’ Asia United Bank (AUB) to launch a card payment acceptance solution for merchants via a card QR code or link. Through the strategic partnership,
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Hong Kong’s Virtual Banks Set to Amass Over 44,000 SME Customers by 2025
By 2025, Hong Kong’s virtual banks are expected to amass 44,182 small and medium-sized enterprise (SME) customers, a client base that’s set to grow at a compound annual growth rate (CAGR) of 163.6% between 2020 and 2025, estimates Quinlan and
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