UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
April 27, 2022India'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, 2022UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.
March 11, 2022Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
March 8, 2022The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
October 1, 2021Livi 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, 2020Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020PayPal'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, 2019The 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, 2019Work 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