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From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...- China's Tencent to allow PayPal payments through its WeChat networksChinese tech giant Tencent is enabling PayPal users to pay with QR codes across China through its WeChat Pay network. This move aims to att...
- The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globallyChina is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese co...
- Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
- Superapp X to be a better WeChat outside China: Elon MuskIn the conversation with the cofounder of Zerodha, Musk also outlined how Tesla, SpaceX and xAI could collaborate on solar-powered AI satel...
- Alibaba's China ecommerce platforms to accept Tencent's Wechat PayAlibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China. Tencent has a...
- China central bank approves Tencent's Tenpay capital boost to $2.1 billionThe approval will make Tenpay the non-bank payment institution with the highest registered capital in China, Chinese state-backed media out...
- Chinese banks 'far less digital' than Indian lenders, says KV KamathChinese banks are lagging behind Indian lenders in terms of digitalization, according to veteran banker K V Kamath. Despite being early ado...
- Tencent bets big on WeChat Channels in push to build its own TikTokWeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned...
- China weighs Tencent payments overhaul, new license requirementThe potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial...
- Alibaba apps start offering WeChat Pay option after government ordersEarlier this month, the ministry of industry and information technology said it had asked internet companies to end a long-standing practic...
- Is China readying its own Bitcoin? It's far bigger than thatLittle is known about the digital yuan except that it’s been in the works for five years.
- A guide to what’s happening in the fintech revolutionIn the second quarter, India—home of mobile payments startup Paytm—surpassed China in the number of deals.
- Facebook moves closer to WhatsApp payment service debut in IndiaWhatsApp has substantial strengths including an India user base that’s estimated at more than 300 million.
- Softbank, Yahoo JV launches digital payment service in Japan with PaytmWith this partnership the company will be installing QRcode based payment solutions to digitise consumer retail payments in Japan by the se...
- Naspers hits the market with $10 bn from Tencent stake saleNaspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally.
- Paytm to launch own credit scoring product 'Paytm Score'In China as well, players such as Alipay and WeChat Pay have introduced similar scores, which have triggered a controversy about privacy an...
- WhatsApp forays into digital payments spaceThe messaging app’s entry into digital payments could massively disrupt the peer-to-peer payments industry.
- Paytm plans to launch messaging service to rival WhatsApp by end of this monthPaytm’s move seems to be in the reverse direction compared to Hike, which recently launched payments through wallet and unified payment int...
- Paytm looks to sell offline with its QR shopping techConsumers can shop products from Paytm Mall by scanning the QR code given by Paytm to its offline merchant partners.
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