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Chinese State-owned Banks Are Advertising Digital Yuan

By Godfrey Benjamin Apr 26, 2021

While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics.

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Chinese Central Bank Proposes Global Rules for CBDCs

By Bhushan Akolkar Mar 26, 2021

China’s central bank is proposing global rules to synchronize the use of CBDCs worldwide and ensuring “a fair supply of digital currencies” for the greater financial stability of the international monetary system.

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China’s Uber DiDi Set to Trial Country’s CBDC Digital Yuan

By Muhaimin Olowoporoku Jul 8, 2020

DiDi, being the dominant ride-hailing in China with its over 500 million users, would offer the first real application of Digital Currency Electronic Payment (DCEP).

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Tencent Partners with UnionPay through Mobile Payment Integration

By Teuta Franjkovic Jan 8, 2020

The collaboration between Tencent and UnionPay would allow merchants to accept payments from one customer using WeChat Pay and another using UnionPay’s QuickPass by presenting both with the same scannable code.

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Google Partners with Citi Bank Offering Checking Accounts to Rival Big Techs in Banking Dominance

By Wanguba Muriuki Nov 14, 2019

Google to enhance Google Pay by offering checking accounts through a partnership with Citigroup banking giant and Stanford Federal Credit Union in a project dubbed Cache.

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China’s President Xi Jinping Seeks Blockchain Industry Domination

By Bhushan Akolkar Oct 25, 2019

In a move to dominate the industry, Chinese president Xi Jinping has urged the country to accelerate the adoption of blockchain.

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Tencent Sees Threat to WeChat Pay and Alipay if Facebook Succeeds in Libra Launch

By Bhushan Akolkar Oct 24, 2019

Tencent has concerns that Facebook’s Libra success may represent a real direct threat to Chinese payment service providers.

FinTech News, News

PayPal Entering China Market by Local Acquisition

By Teuta Franjkovic Oct 1, 2019

PayPal is buying a 70% equity state in Chinese GoPay. According to PayPal, the transaction is expected to close in the fourth quarter of 2019 and is subject to customary closing conditions.

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Circle Announces Open Source Project CENTRE and Foundation

By Svetlana Rud Oct 9, 2017

Startup Circle opens source project CENTRE that is based on blockchain technology and will be aimed to connect different digital wallets.

Bitcoin News, Blockchain News, Cryptocurrency News, News

Bitcoin Enthusiasts in China Leave the Cracked Down WeChat for Officially Blocked Telegram

By Maria Konash Sep 22, 2017

While Chinese regulators are moving closer to shutting down bitcoin trading in the country, traders seem to have a way to work around.

Editor's Choice, FinTech News, News

FinTech Company Tramonex Partners with WeChat to Boost Their WeChat Pay Feature

By Tatsiana Yablonskaya Apr 5, 2017

The cooperation will allow the increasing number of Chinese travelers in the UK to purchase goods and services via the WeChat Pay application on their mobile phones.

Press Release

FinTech Provider Tramonex Partners with WeChat to boost their WeChat Pay Feature

By Andy Watson Apr 4, 2017

WeChat Pay, a mobile payment service on WeChat Chinese messaging app partners with payments solution provider Tramonex to further enhance their mobile wallet functionality, WeChat Pay.