PayPal - Regulation Asia

PayPal 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

1.5K

AML / KYC

Australia Has an IFTI Problem

Australia’s approach to international payments needs to change, and reporting entities need to update their legacy systems for better reporting, say Eric Knight and Nick Armstrong.

November 8, 2019

368

China

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

440

AML / KYC

AUSTRAC Orders AML/CTF Audit at PayPal Australia

AUSTRAC’s order follows a self-reported issue PayPal detected in its reporting system for international fund transfer instructions, which it said it was working to remediate.

September 24, 2019

1.4K

China

China to Respond to Libra with Government Backed CBDC

The PBOC is organising market-oriented institutions to jointly research and develop a central bank digital currency, in a programme that has already been approved by the State Council.

July 11, 2019

645

Feature

Apple Shelves India Payments Expansion, Google to Move Ahead

Apple shares concerns over data localisation with Mastercard, Visa, Amazon, WhatsApp and PayPal, but Google will be ready to comply by December.

September 11, 2018

2.3K

China

China’s Ant Financial and WeBank – ‘Too Big to Regulate’

The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.

August 2, 2018

722

China