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Sunday, November 27, 2022
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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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