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.
Credorax discusses the importance of cross-border payments and how choosing the right acquirer can determine future success.
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
CEO and Co-Founder of Payworks Christian Deger explains how developing partnerships between SMBs and VARs is benefiting the industry.
Amin Lalani, CIO Executive at Huawei Western Europe, explores the rise of self-serving banks.