All posts tagged "WeChat Pay"
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203ChinaPBOC Introduces New Business Reporting Rules for Payment Firms
Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as 'significant matters'.
September 3, 2021 -
453ChinaRegulators Order Tencent to Establish Financial Holding Company
Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.
May 27, 2021 -
387China
PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing
The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.
April 1, 2021 -
240ChinaChina Finalises Anti-monopoly Rules for Internet Platforms
The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.
February 10, 2021 -
302AML / KYC
PBOC Proposes to Tighten Oversight of Non-bank Payments Firms
If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council's antitrust committee to take action to break up the firm.
January 22, 2021 -
234ChinaPayPal Acquires Full Control of China Payments Business
PayPal is the first foreign firm to own a 100% stake in a payment platform in China, having obtained a licence to operate in the country a year ago.
January 14, 2021 -
337AML / KYCWhite House Bans US Transactions With Chinese Payment Apps
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
January 7, 2021 -
846FeatureFusion Bank Launches Virtual Banking Services in Hong Kong
The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.
December 23, 2020 -
1.1KAsia-PacificVietnam Working to Allow Cooperation With Foreign Firms in Payments
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
November 21, 2020 -
1.3KChinaChina Consults on Anti Monopoly Rules for E-commerce, Payments
The new rules issued by China's SAMR prohibit a range of monopolistic practices and are expected to impact internet giants Alibaba, JD.com, Tencent, and Meituan, among others.
November 12, 2020
