The end of 2015 could not have been stronger for the Chinese FinTech scene. In October, China’s central bank introduced a new cross-border payment system to allow yuan-based clearing transactions. In November, Chinese Alibaba consumers spent an astounding $14.3 billion on Singles Day, the biggest online shopping day in the world. In December, UnionPay launched its mobile payment service and partnered with Apple to bring the latter’s mobile payment service to China this year.
The infographic below, made by our sister publication Bobsguide, goes a long way to explain just why the likes of Apple are scrambling to make a mark in the Chinese market.
New data from Worldpay, which surveyed 4,000 shoppers in Europe, shows the continent is becoming more tech-savvy and a keen adopter of new payment technology.
Berlin neo bank N26 talks new products, UK launch and the advantages of being based in Berlin.
Just under twenty percent of all card purchases are now being made on contactless cards, according to new data from the UK Cards Association.
In this guest blog, Apriva's SVP, Stacey Tappin, talks about the evolving payment interactions and the increasing importance of providing a cohesive consumer experience across all channels.