Information released on July 15 by the Business Administration Department of the People's Bank of China (Beijing) showed that Didi Pay has been formally warned for 12 kinds of illegal acts and fined 4.27 million yuan ($632,349).
PingPong, a global provider of digital services for cross-border trade, has entered into a direct partnership with JCB, one of the six major international card issuing organizations.
Tencent’s social app WeChat had launched a mini program called "Tencent e-CNY Wallet", though the program is still in the process of A/B Testing.
The mobile app of Taobao, a leading Chinese online shopping platform operated by Alibaba, has begun to provide the option to use Tencent's WeChat Pay.
On Tuesday, the Shanghai Consumers Council issued a report about its investigation into the renewal deduction time of 12 apps.
Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today.
Huawei Mate 40 series will feature a built-in hardware wallet for the Chinese digital yuan, announced Chengdong Yu, CEO of Huawei’s Consumer Business on Friday.
Last week, five newly-launched mutual funds consisting of strategically allocated shares from Ant Group’s upcoming initial public offering.
Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.
China's state-owned bank has carried out an internal and hypothetical-use pilot of China's central bank digital currency in four Chinese cities.
China's Tencent and several other investors committed an additional investment of $120 million to the digital financial services company Voyager Innovations.
Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.