More global financial institutions are joining China’s cross-border interbank payment system amidst the renminbi’s rise as a trade currency, according to financial analysts. "We’ve noticed a ...

had the head start in China with its in-house AliPay payment system, since spun off into a separate company called Ant Financial. But WeChat Pay came out of nowhere in 2014 to challenge AliPay's ...

But now he sees a new force emerging - a payment system created by the Chinese state and known as Digital Currency Electronic Payment (DCEP). It's really a digital version of China's official ...

there are some strong reasons to embrace the electronic payment systems Chinese consumers are already using. In China, the traditional wallet has been replaced by an electronic wallet on a smartphone.

HKMA and PBOC have been working on syncing the Faster Payment System and the mainland’s Internet Banking Payment System.

This article outlines essential considerations for businesses preparing for the Chinese New Year period, from compliance to ...

VIENTIANE (Laotian Times): Traveling between Laos and China is now easier with a QR payment system that enables tourists to make cashless transactions. Chinese visitors can already use QR codes ...