Peoples Bank Of China news and trends

China Extends Digital Yuan Project to 12 New Banks
CBDC // March 23, 2026

China will reportedly permit select banks to handle its central bank digital currency (CBDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

China Wants Banks to Up Yuan Use in Cross-Border Transactions
Cross-border Payments // May 26, 2025

China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

China Gets Tough on Non-Bank Payment Providers
Legal & Regulation // December 17, 2023

China has published new measures designed to place greater oversight on non-banking payment companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Alipay and WeChat Pay Add Links to Visa and Mastercard
Payment Methods // July 21, 2023

Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Interviews & Exclusives
Today In Payments: PBOC Patents Show China’s Push For Digital Money; Fiserv Intros Scan To Pay For Diners With Apple Pay

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 […]

Do Tencent, Alipay Have A Place In China’s Digital Currency Ecosystem?

December 04, 2019
For China: Digital currency, yes. But not bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Visa Beats 3Q Estimates As Payments Volume Leaps

July 21, 2017
Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue growth going forward. Internationally, Europe stood out —...

Quick Reads
China Recruits 26 Banks for Digital Yuan Project

June 16, 2026
China has reportedly recruited 26 financial institutions for its digital yuan effort. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from […]

China Extends Digital Yuan Project to 12 New Banks

March 23, 2026
China will reportedly permit select banks to handle its central bank digital currency (CBDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

China Wants Banks to Up Yuan Use in Cross-Border Transactions

May 26, 2025
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

China Gets Tough on Non-Bank Payment Providers

December 17, 2023
China has published new measures designed to place greater oversight on non-banking payment companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...