China will reportedly permit select banks to handle its central bank digital currency (CBDC). That’s according to a report Friday (March 20) from Reuters, which notes that this effort marks a strong contrast to the U.S. stance on CBDCs. The People’s Bank of China has chosen 12...
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. The People’s Bank of China has increased the base ratio for yuan-denominated trade transactions from 25% to 40%, Bloomberg News reported Monday (May 26), citing sources familiar with the matter. Though...
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management of these platforms to guard against misappropriation of funds and financial crimes, Reuters reported Sunday (Dec. 17)....
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of the platform can now link Visa, MasterCard, Diners Club and Discover cards to their mobile...
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 […]
December 04, 2019
For China: Digital currency, yes. But not bitcoin. Blockchain? Yes. But not bitcoin. The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20...
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 —...
June 16, 2026
China has reportedly recruited 26 financial institutions for its digital yuan effort. According to a Tuesday (June 16) report from Reuters, the effort is part of China’s plan to expand efficient and low-cost cross-border payments and promote global adoption of the yuan. The agreement lets participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border […]
March 23, 2026
China will reportedly permit select banks to handle its central bank digital currency (CBDC). That’s according to a report Friday (March 20) from Reuters, which notes that this effort marks a strong...
May 26, 2025
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. The People’s Bank of China has increased the base ratio for yuan-denominated trade transactions from 25%...
December 17, 2023
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management...