Tags China
Tag: china
WeChat launches personal credit rating for its 600m users
Tencent's WeChat Pay will start giving its 600 million users a credit rating using an AI-based system to determine people’s “trust” value, according to Asia Times Financial.
Alipay offers boosts as Wuhan emerges from COVID-19 lockdown
Chinese mobile payment platform operated by Ant Financial – Alipay came up with initiatives to support small businesses in Wuhan as the city remerges from the lockdown period due to the COVID-19 pandemic.
TransferWise and Alipay became partners to enable money transfers to China
UK-based fintech startup TransferWise has enabled international money transfers to China through a partnership with Ant Financial’s Alipay. Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay.
Mastercard in China? $27 Trillion market awaits!
Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market.
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A Major Acquisition by Neobank N26 is Blown Off
The German neobank N26, which conducts business in Switzerland as well, was looking to buy something that would let its clients trade stocks and index funds.
