Tagged: ant financial

January 13, 2020 @ 8:13 am By Omar Faridi  |  

The first of Hong Kong’s upcoming group of virtual banks has confirmed its launch with a 6% special introductory rate on all deposits. ZA Bank Ltd., which is notably one of eight companies planning to establish digital-only banking services in Hong Kong, has launched a… Read More

January 11, 2020 @ 7:29 am By Omar Faridi  |  

Asian Fintech firm Ant Financial, a subsidiary of e-commerce giant Alibaba (NYSE:BABA), has reportedly been ranked China’s fifth most valuable privately-held company. According to an inaugural rankings report released by Hurun, which is primarily known for publishing China’s list of wealth individuals, Ant Financial is… Read More

January 5, 2020 @ 6:59 am By Xu Gao  |  

Ant Financial Applies for Singapore Digital Banking License On January 2nd, Ant Financial confirmed that it had applied a digital wholesale banking license in Singapore as an effort to promote the development of local digital banking and global financial inclusion. As early as November 19th… Read More

November 30, 2019 @ 11:16 pm By Xu Gao  |  

The People’s Bank of China Releases Financial Stability Report with Special Focus on Online Lending The People’s Bank of China (PBC) released the 2019 China Financial Stability Report lately, which gives a comprehensive review of the soundness of China’s financial system since 2018. While incremental… Read More

November 23, 2019 @ 5:37 pm By Xu Gao  |  

The People’s Bank of China Releases China’s Green Finance Development Report (2018) In order to introduce China’s achievements and experience in green finance, the People’s Bank of China (PBC) has worked with relevant authorities and organizations to compile the annual China’s Green Finance Development Report… Read More

November 11, 2019 @ 4:21 pm By JD Alois  |  

Alipay, part of Ant Financial / Alibaba, just had a gangbusters day as all of the transactions for Singles Day were processed through the payment platform. More than five years ago, Alipay topped PayPal to become the world leader in mobile payments – something that… Read More

November 9, 2019 @ 5:00 pm By Xu Gao  |  

Alipay and WeChat Pay Open to International Visitors Previously, international tourists visiting China cannot enjoy the convenience of local mobile payment (Alipay & WeChat Pay) services if he/she did not have a Chinese mobile number and bank account. This changed this week. On November 7th,… Read More

October 19, 2019 @ 7:00 pm By Xu Gao  |  

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

October 19, 2019 @ 12:17 am By Omar Faridi  |  

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

September 30, 2019 @ 11:01 am By Omar Faridi  |  

Ant Financial Services Group, an affiliate company of the Chinese Alibaba Group (NYSE:BABA), is teaming up with Bayer Crop Science to create a blockchain-enabled platform for monitoring agricultural product. Ant Financial and Bayer Crop signed a letter of intent to leverage blockchain technology to develop… Read More

August 28, 2019 @ 1:40 pm By Samantha Hurst  |  

Payments platform Adyen announced on Wednesday it has formed collaboration with Alipay, a payment and lifestyle platform to support payment methods for the AliExpress, Taobao, Tmall, and Alibaba.com brands globally. Adyen reported that the partnership with Alipay allows it to support Alibaba, operator of the… Read More

August 3, 2019 @ 12:10 pm By Xu Gao  |  

People’s Bank of China Publishes Trial Regulatory Measures on Financial Holding Companies On July 26th, the People’s Bank of China (PBC) published the Trial Measures on Supervision and Regulation of Financial Holding Companies (Exposure Draft) (hereinafter referred to as the Measures) and sought for feedback… Read More

July 6, 2019 @ 5:05 pm By Xu Gao  |  

Min Zhu: Libra is not Alipay. Its core concept is currency. On July 1st, the 13th Annual Meeting of the New Champions (also known as the Summer Davos Forum) in Dalian, China. Min Zhu, Chair of Tsinghua National Institute of Finance Research and former vice… Read More

May 11, 2019 @ 5:02 pm By Xu Gao  |  

Beijing: unpaid parking fees may be included in your personal credit report Since January 2019, the Beijing Municipal Commission of Transport has introduced digital payments for all curb parking areas in Dongcheng District, Xicheng District and Tongzhou District, and is planning to extend it to… Read More

May 7, 2019 @ 9:49 pm By JD Alois  |  

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

March 3, 2019 @ 3:55 pm By Xu Gao  |  

PBC Holds 2019 National Currency, Gold and Silver Work Conference On February 21, 2019, the 2019 National Currency, Gold and Silver Work Conference of the People’s Bank of China (PBC) was held in Xiamen, Fujian. The conference comprehensively summarized the achievements of the currency, gold… Read More

February 14, 2019 @ 8:52 am By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, has reportedly acquired UK payments firm, WorldFirst, to further advance its global expansion efforts. This news comes less than a couple of months after Ant Financial began acquisition talks. It was… Read More

February 2, 2019 @ 10:09 am By Xu Gao  |  

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

December 29, 2018 @ 12:00 pm By Xu Gao  |  

Another Fintech Incubation Center Officially Begins Operation in Guangdong Province On December 20th, the Fintech incubation center (hereinafter referred to as “incubation center”) of Guangdong Financial High-tech Zone was officially put into operation, which will provide office space, policy guidance, project financing supports for Fintech… Read More

December 27, 2018 @ 1:43 pm By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is reportedly in talks to acquire UK payments firm, WorldFirst, for $700 million. According to Sky News, Ant Financial has been in talks to purchase WorldFirst for the past several months. … Read More