The legal representative and chairman of Alipay (China) Network Technology Co., Ltd. has changed from Eric Jing, Ant Group’s chairman and CEO, to Ni Xingjun, Ant Group's CTO.
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).
Alipay announced on its official WeChat account on Thursday that the company and China UnionPay now recognized each other's collection code across China.
Bilibili acquired 65.5% equity of Zhejiang Yongyi Electronic Payment Co., Ltd., a licensed payment institution, for about 118 million yuan ($18.5 million).
According to the latest PBoC report on the overall operation of payment systems during the second quarter of 2021, the number of automatic teller machines (ATMs) in the country has fallen below one million.
Huawei gained a mobile payment license after purchasing full control of Sharelink Network Co., a licensed digital payment firm.
The digital currency trial in the city of Suzhou came to an end on Dec. 27 at midnight, Beijing local time, which lasted for two weeks starting from Dec. 11.
More Chinese people are buying financial and investment products and the proportion of adults using electronic payments is increasing, a report showed on Thursday.
Some civil servants have already received part of their salary in the form of digital currency in Suzhou, according to Chinese state-owned media.
China’s Ministry of Commerce released a statement, stating that the digital yuan pilot program would cover most Chinese cities and regions.
Huawei is launching HMS (Huawei Mobile Services) to fend off the negative effects of Google pulling the plug on GMS (Google Mobile Services) for Huawei phones.
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.
On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.
On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.