Cross-border
Cross-border fintech in China: cross-border payments, e-commerce financing, renminbi internationalisation and Chinese fintechs serving exporters.
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Hong Kong FPS to link with UnionPay International by year-end for QR payments at 100 million merchants
The HKMA says Hong Kong’s Faster Payment System will connect to UnionPay International by the end of 2026, letting FPS app users scan QR codes at over 100 million merchants.…
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SAFE draft would let payment firms handle FX for market procurement and foreign trade service exports
A SAFE draft notice released on November 2 would let licensed payment institutions handle foreign exchange for market procurement trade and foreign trade service companies, beyond cross-border e-commerce. Comments close…
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e-CNY salaries reach Jiangsu universities as staff pay moves to digital wallets from November
Yangzhou University and Nantong University will pay staff salaries into e-CNY wallets from November, following notices from the Jiangsu finance department. Suzhou recorded 6 trillion yuan of e-CNY transactions in…
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e-CNY settlement in Guangxi now reaches Hong Kong, Laos, Malaysia and Singapore
The PBOC’s Guangxi branch said on October 30 that e-CNY settlement channels with Hong Kong, Laos, Malaysia and Singapore are open, and that it will push e-CNY use across the…
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Tencent Visa agreement links Weixin Pay with Visa Pay for travellers in and out of China
Tencent and Visa signed a memorandum of understanding on October 29 covering payments for travellers through TenPay Global and Visa Pay, Visa Direct remittances into Weixin Pay, and AI agent…
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Ant International signs SMBC deal on Alipay+, Antom and WorldFirst flows in Southeast Asia
Ant International and SMBC signed a memorandum of understanding on cross-border payments tied to Japan, Singapore and Southeast Asia, and will explore linking the Whale RTP treasury platform with the…
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Samsung Wallet Money joins WeChat Pay network for Korean visitors to China
Korean users of Samsung Wallet Money can now scan or show QR codes at WeChat Pay merchants across China, under a deal signed in Shenzhen by Tencent, Samsung and Woori…
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mBridge carries first e-CNY bunker fuel settlement in Zhejiang free trade zone
Bank of China’s Zhoushan branch used mBridge to settle a fuel supplier’s bunkering income in e-CNY against an electronic delivery note, a first for the Zhejiang Pilot Free Trade Zone.
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Tenpay lets users of 60 overseas e-wallets pay at WeChat Pay merchants in China
Tenpay, which runs WeChat Pay, said users of 60 overseas e-wallets can now pay at its merchants in mainland China, and set out how its TenPayGo app serves inbound visitors.
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Hengqin’s WeSure partners Malaysia’s Revenue IF on payments and insurance in Southeast Asia
Zhuhai Hengqin WeSure Digital Technology and Bursa-listed Revenue IF agreed to cooperate on cross-border payments and insurance business in Malaysia, Singapore, Indonesia and Thailand.
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