Tag: China

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.

China-based InsurTech platform Yuanbao has reportedly scored $156m in its Series C round.

Singaporean payments company FOMO Pay has partnered with buy now pay later (BNPL) firm Atome to expand the use of BNPL in Asia.

A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.

Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.

A Hong Kong regulator is about to make the region's money laundering rules even stricter to prevent illicit funds from flowing out of mainland China.

As the year draws to a close, most people will be happy to see the back of it. However, these 29 FinTechs managed to end 2020 on a high by raising funding last week.

Hong Kong-headquartered Qupital has reportedly bagged a Series A extension round to grow its services internationally.

Snowball Finance has reportedly collected $120m in its Series E funding round to upgrade its services.