All posts tagged "Alipay"
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119AML / KYCPBOC Proposes to Tighten Oversight of Non-bank Payments Firms
If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council's antitrust committee to take action to break up the firm.
January 22, 2021 -
107ChinaPayPal Acquires Full Control of China Payments Business
PayPal is the first foreign firm to own a 100% stake in a payment platform in China, having obtained a licence to operate in the country a year ago.
January 14, 2021 -
206AML / KYCWhite House Bans US Transactions With Chinese Payment Apps
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
January 7, 2021 -
240ChinaChinese Fintechs Remove Bank Deposit Products from Online Platforms
Smaller regional lenders have circumvented the geographical limits of their licences by offering deposit products on online platforms operated by Ant Group and Tencent, among others.
December 23, 2020 -
1.1KAsia-PacificVietnam Working to Allow Cooperation With Foreign Firms in Payments
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
November 21, 2020 -
1.2KChinaChina Consults on Antimonopoly Rules for E-commerce, Payments
The new rules issued by China's SAMR prohibit a range of monopolistic practices and are expected to impact internet giants Alibaba, JD.com, Tencent, and Meituan, among others.
November 12, 2020 -
1.2KChina
PBOC to Establish Consumer Protection Fund for Payments
The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.
October 16, 2020 -
798ChinaUS Considers Adding Ant Group to Trade Blacklist – Report
US officials reportedly fear the Chinese government could access sensitive banking data belonging to future US users of the Alipay payment app.
October 16, 2020 -
731China
CSRC Probe Forces Ant Group to Delay IPO – Report
The CSRC is said to be looking into the role of Alipay as the only third-party channel through which retail investors could buy into five mutual funds investing in the IPO.
October 13, 2020 -
964ChinaAmex Joint Venture Commences Card Clearing Operations in China
The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.
September 3, 2020
