Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of the platform can now link Visa, MasterCard, Diners Club and Discover cards to their mobile...
A Chinese economist who once envisioned bitcoin’s “corpse” could become head of the country’s central bank. As Bloomberg News reported Monday (July 3), the elevation of Pan Gonsheng as top Communist Party official at the People’s Bank of China (PBOC) is an indication that the...
China’s state-sponsored payments association is warning against the use of generative artificial intelligence (AI) tools. The Payment & Clearing Association of China on Monday (April 10) said that technology like OpenAI’s ChatGPT could pose “risks such as cross-border data leaks,” Reuters reported. “Payment industry staff...
Officials from The People’s Bank of China are reportedly calling for stricter financial regulations. Writing in China Finance, a publication of the central bank, a trio of officials said China should speed up passage of its Financial Stability Law and improve other regulations to prevent...
February 13, 2020
In today’s top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay, a new way for diners to pay their checks with Apple Pay. Plus, a new PayPal and FIS partnership allows FIS Premium Payback members to […]
December 04, 2019
For China: Digital currency, yes. But not bitcoin. Blockchain? Yes. But not bitcoin. The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20...
July 21, 2017
Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue growth going forward. Internationally, Europe stood out —...
December 17, 2023
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management of these platforms to guard against misappropriation of funds and financial crimes, Reuters reported Sunday (Dec. 17). Per the report, the regulations also say companies must bolster […]
July 21, 2023
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of...
July 03, 2023
A Chinese economist who once envisioned bitcoin’s “corpse” could become head of the country’s central bank. As Bloomberg News reported Monday (July 3), the elevation of Pan Gonsheng as top...
April 10, 2023
China’s state-sponsored payments association is warning against the use of generative artificial intelligence (AI) tools. The Payment & Clearing Association of China on Monday (April 10) said that technology like...
