The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China's payments sector.
December 17, 2022Alipay removed more than 170,000 accounts linked to illegal activity, just days after the government issued guidance on combatting internet fraud.
April 26, 2022Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.
February 28, 2022Observers say China's “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.
February 9, 2022Regulators asked Ant Group to remove a new fund investment advisory service just a week after its official launch.
January 24, 2022Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group's lending services.
November 30, 2021The Asian fintech scene witnessed a raft of new announcements at this year's Singapore Fintech Festival held from 8-12 November 2021.
November 16, 2021The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
October 1, 2021The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
September 14, 2021