All posts tagged "UnionPay"
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918AML / KYCChina UnionPay to Halt Operations in Russia
UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
April 27, 2022 -
936ChinaIndia, China to Enable Cross-Border Payments With Arab World
India's NPCI and China's UnionPay have signed agreements to establish interoperability with Buna, a payment system owned by the Arab Monetary Fund.
March 22, 2022 -
701AML / KYCBIS Suspends Russian Central Bank as UK Adds More Sanctions
UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.
March 11, 2022 -
769China
Russian Banks Moving to China UnionPay for Card Issuance
Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
March 8, 2022 -
320ChinaChina: Alibaba Apps Include WeChat Pay as Payment Option
The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
October 1, 2021 -
2.1KFeatureLivi Bank Announces Launch of Virtual Banking Services
Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.
August 12, 2020 -
904ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
946ChinaPayPal 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 -
619China
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 -
748ChinaChina Works Towards Unified Financial Infrastructure Regulation
Work is underway to develop a unified framework for regulating and supervising critical financial infrastructures in China, where PBOC will be the main coordinating regulator.
September 13, 2019
