The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s digital yuan app, users can make payments from their smartphone using the central bank digital currency (CBDC) even if the...
Regulators are telling banks in China to step up loan approvals and keep the flow of mortgages going as the world’s second-largest economy remains on shaky ground due to COVID outbreaks this year, according to media reports on Tuesday (May 24). In a meeting with...
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday (Jan. 28), users can link their Meituan app to a digital wallet to pay for daily services like cabs, hotel...
After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. The People’s Bank of China (PBOC) announced 11 government agencies will implement the campaign from 2022 t0 2024, with a goal to “stop the...
February 13, 2020
In today’s top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay, a new way for diners to pay their checks with Apple Pay. Plus, a new PayPal and FIS partnership allows FIS Premium Payback members to […]
December 17, 2023
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management of these platforms to guard against misappropriation of funds and financial crimes, Reuters reported Sunday (Dec. 17). Per the report, the regulations also say companies must bolster […]
January 16, 2023
The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s digital yuan app, users can...
May 24, 2022
Regulators are telling banks in China to step up loan approvals and keep the flow of mortgages going as the world’s second-largest economy remains on shaky ground due to COVID...
January 28, 2022
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday (Jan. 28), users can link...
