China’s new regulation to impact online payment systems…

The People's Bank of China implemented a non-bank payment regulation on Friday to limit paying with the balances of third-party payment systems. The regulation divides the third-party payment accounts into three categories: those verifying their…

Chinese state dismisses third-party payment cancellation rumors

The State Grid Corporation of China (SGCC) has shattered rumors about the cancellation of third-party payment channels to pay electricity bills after its new payment app "Dian e Bao" was launched. [caption id="attachment_9258" align="aligncenter" width="500"]…

A new payment app may take a big…

The State Grid Corporation of China (SGCC), a central government-owned enterprise, has launched its own payment app. It's rumored that the app will make third-party payment methods for electricity bills obsolete, turning Alipay and WeChat…

Huawei joins hands with China UnionPay to launch…

China’s leading smartphone maker Huawei announced their cooperation with bankcard association China UnionPay (CUP) for mobile payment on Monday, taking another step towards launching Huawei Pay. Richard Yu, CEO of Huawei’s Consumer Business Group, said…

Huawei to launch mobile payment service

[caption id="attachment_6502" align="aligncenter" width="600"] Huawei's BG CEO Richard Yu, second from the right[/caption] With Apple Pay having marched into China in February, boasting partnerships with 19 banks, on Tuesday, China’s largest smartphone maker Huawei announced…