Digital yuan could be on the horizon in China to replace paper money, authorities say. According to a report, the launch of the digital currency...
The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as...
Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus? China may be about to find out. In a series of...
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...
The Peoples’ Bank of China has filed over 80 patents in its attempts to start its own digital currency, an extensive and elaborate plan to...
China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion...
In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers...
The Chinese government braced for additional economic turmoil, took steps to bolster its lagging economy and activated new safety measures as the coronavirus epidemic spread...
China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing...