Posts Tagged ‘bank’

Huawei Teams With WorldRemit To Offer Mobile Payments In Africa

Chinese telecom device maker Huawei and digital transfer services provider WorldRemit reached a deal to offer international transfer services to …


U.S. Payments Start-up Teams With Alipay, WeChat To Reach Chinese Consumers

Silicon Valley start-up company Stripe has reached deals with Chinese digital payment service providers Alipay and WeChat payment to enable …


Chinese Search Engine Baidu Gains Online Banking License

Not only will China’s biggest search engine have access to netizens’ online search habits, it will soon also hold dominion …


Ant Financial’s Rural Strategy Focuses On China’s Microfinance Opportunities

Even with the explosive growth of technology in China, it’s still important to remember that China is still a nation …


Meituan Dianping Gains Payment License Via Acquisition

QiandaiInternet lifestyle service and group buying platform Meituan Dianping announced that they have completed the acquisition of Qiandai.com, a third-party …


Is P2P Lending Out Of Control In China?

Internet financeThe China Banking Regulatory Commission appears ready to issue new guidelines that will cap P2P lending and curtail some of …


Samsung Links Online Payments With China’s Alipay

Samsung paymentSamsung’s payment service Samsung Pay and Alibaba’s payment service Alipay announced an interoperability deal that allows users to complete payments …


Chinese Internet Loan Platform Eyes IPO In U.S.

Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million. According to reports in foreign media, Morgan Stanley, Citibank, and Jefferies are handling the deal and China Rapid Finance may choose to be […]


Ant Financial Opens Its Internet Bank This Week In China

Ant Financial Services Group, a small and micro financial services company under Alibaba Group’s Alipay, will officially launch their online banking platform MYbank on June 25, 2015. MYbank is also known as Zhejiang Online Business Bank and is one of the first five trial private banks approved by China Banking Regulatory Commission on March 11, […]


China UnionPay Rumored To Soon Launch Mobile Payment Service For Android Smartphones

China UnionPay has reportedly decided to launch a mobile payment service named “AndroidPay” for Android smartphones. According to reports in Chinese local media, several information sources confirmed the new service will reportedly be available in China in the third quarter of 2015. Several smartphone makers also confirmed the news. Cao Jingsheng, vice president of Coolpad […]