All posts tagged "Alipay"
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1.1KChinaPBOC Pushes for Antitrust Probe into Alipay, WeChat Pay
The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.
August 3, 2020 -
318ChinaPBOC Grants Bank Card Clearing Licence to Amex JV
American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.
June 14, 2020 -
1.3KChinaPBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports
Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.
April 20, 2020 -
3.7KMarket InfrastructureUPDATED – Known Applicants for Singapore Digital Bank Licences
Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.
January 6, 2020 -
616ChinaPayPal Obtains Online Payments Licence in China
PayPal's acquisition of a majority stake in Gopay gives it access to licences that allow it to offer online, mobile and cross-border renminbi payments.
December 24, 2019 -
439China
First Foreign Firm Approved to Enter China Payments Market
The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.
October 1, 2019 -
1.4KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
4.4KAML / KYCFacebook’s Libra – An Enabler of Money Laundering?
Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.
June 27, 2019 -
1.9KAML / KYCNew Rules for Payments, E-Commerce Take Effect in China
Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.
January 4, 2019 -
831Fintech / Regtech
HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports
Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.
October 26, 2018
