Bank Innovation

SEPTEMBER 18, 2019

China’s UnionPay, the world’s largest card issuer with 57.6% of the world’s payment cards in circulation, has global ambitions. Wirecard, which has […].

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Cards Marketing Payments Retail 268

Chris Skinner

JANUARY 12, 2020

I often written about how the developing world is leap-frogging the developed world. The reason is that the developing world had no infrastructure in place whilst the developed world implemented their infrastructure in the last century. The developed world has become a legacy world.

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Case Study Study Payments 239

Chris Skinner

APRIL 23, 2020

Looking back, the world should have locked down when China did in January. The reason we didn’t? Economics, business, commerce and the financial metrics. Well, we wouldn’t be suffering nearly as much now. But hey, hindsight is a great thing, isn’t it?

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Chris Skinner

APRIL 22, 2020

Things we’re reading today include … World Bank warns of collapse in money sent home by migrant workers Top economist: US coronavirus response is like ‘third world’ country China on slow road to recovery, but recession risk is high: Reuters poll $500 billion coronavirus aid package passes U.S.

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CB Insights

APRIL 18, 2019

Despite being the China-based arm of US smart money VC firm Sequoia Capital, Sequoia Capital China has taken a global approach to investing. The post How Sequoia Capital China Invests Around The World appeared first on CB Insights Research. It has invested in 8 countries and Hong Kong. Want the full post?

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Capital Strategy US 31

TheGuardian

APRIL 24, 2024

Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy Developing nations have long complained that globalisation has enthroned western currencies in such a way as to subsidise living standards in the rich world.

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National Marketing 100

Chris Skinner

AUGUST 29, 2017

However, in the past two decades, China has become the second world superpower, whether the Americans like it or not. This is not me having a love thing for China. Google China as … The post The superpower that is China appeared first on Chris Skinner's blog. I grew up with America as the dream.

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America Google Innovation Fintech 281

Chris Skinner

APRIL 23, 2020

Things we’re reading today include … Credit Suisse earnings boosted by tax windfall Why the euro is more durable than it looks China aims to launch the world’s first official digital currency How to think about moral hazard during a pandemic Developing world economies hit hard by coronavirus For SoftBank’s … The post Things (..)

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Chris Skinner

FEBRUARY 19, 2019

I’m just reading a new book recommended by a banking friend AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee, and the opening got me thinking.

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Google Innovation 322

Perficient

JANUARY 5, 2021

. “I’m thrilled to lead our team of custom development and mobile solution experts who have the experience and expertise to craft creative, pragmatic, and transformational software solutions that help the world’s biggest brands succeed.” and China global delivery and management consulting. Ostasz, AVP of U.S.

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Let's Talk Payments

SEPTEMBER 12, 2016

Out of 27 FinTech unicorns spread around the world, 14 are from the US, 8 from China and 5 from the rest of the world. While the attention is mostly.

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Fintech US 40

Chris Skinner

DECEMBER 12, 2019

Things we’re reading today include … ING working on digital assets custody technology Battle over Volcker’s rule outlives its creator Central bankers debate tackling climate change Citi, Credit Suisse drop China’s Ucommune U.S.

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America Technology 247

PYMNTS

APRIL 12, 2020

The newest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) shows that, with the coronavirus pandemic, the world is now facing the most serious challenge since World War II ended. The difference, according to the TIGER index, is that the entire world has been affected.

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PYMNTS

NOVEMBER 17, 2020

The new payment option will ”allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more across Asia,” according to the release. In China, this would include the upcoming Dec.

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PYMNTS

MARCH 20, 2020

The staggering decline is blamed on the COVID-19 outbreak, which has seen countries around the world stop their economies to contain the spread of the virus. Smartphone demand collapsed in Asia last month due to the COVID-19 outbreak, and this dragged down shipments across the world,” said Linda Sui, director at Strategy Analytics.

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Analytics Strategy Regional Retail 177

Urs Bolt

MARCH 24, 2019

China goes ahead of most countries in terms of its # digitalization. The post “China will be a big digital economy. The western world has to understand how China actually runs the economy.” My interview with BeijingReview about # technology and an open # economy : Read more.

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Technology Regulation Fintech 28

PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Hangzhou, China-based Ant Group was rolled out in 2014 to offer international financial services.

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Groups Security Report Regulation 262

PYMNTS

APRIL 10, 2020

After reaching its highest level in eight years in February, consumer inflation in China lessened last month. percent in March compared to the same time last year, the Financial Times reported, citing the National Bureau of Statistics of China. Also, the producer price index of China dropped 1.5 Prices had increased 5.2

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PYMNTS

APRIL 24, 2020

The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). chains Starbucks, Subway and McDonald’s.

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social media National Regulation Groups 209

PYMNTS

DECEMBER 18, 2020

Central Banks Around the World Eye CBDCs. It’s been no secret that central banks around the world have been studying digital currencies or are actively in the midst of developing them. The newswire noted that purchases at a health-food cafe in that country this week marked the first transactions using the Bahamian digital dollar.

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Cleveland Massachusetts Boston cryptocurrency 357

PYMNTS

APRIL 8, 2020

With a move that opens a B2B payment gateway to China , Harbour & Hills (H&H) Financial Services Limited said it has acquired a controlling stake in Global Envoi Limited (GEL). Global Envoi, for its part, has an exclusive Metropolitan Bank (China) Limited partnership for handling B2B payments in China.

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PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report.

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cryptocurrency Report Regional Capital 349

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. China’s biggest internet watchdog is seeking out public opinion until Feb.

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PYMNTS

MAY 22, 2020

Chinese Premier Li Keqiang said the decision stemmed from “factors that are difficult to predict” due to “great uncertainty” amid the global pandemic and the overall “economic and trade environment” throughout the world, according to a CNN report on Friday (May 22). In 2019, China’s economy grew 6.1 It had originally forecast 6-6.5

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Meeting National Report Retail 153

Chris Skinner

SEPTEMBER 9, 2018

I was at LendIt China last week, or Lang Di as it should rightly be called. As readers know, I always get a buzz from visiting China, and this trip was no exception. It made me reflect in fact upon my last twenty plus years of coming here and seeing the … The post How will our children lead the world?

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PYMNTS

MAY 3, 2020

China is experiencing a return to normal as travelers head to tourist locations after the country reopened following the global coronavirus pandemic, according to a report by the Financial Times (FT). The increase is an indication that China’s economy is rebounding following the coronavirus pandemic.

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Bank Innovation

FEBRUARY 20, 2017

China may have taken the top spot in 2016 fintech funding, but it wasn’t the one doing most of the investing. While China claimed nearly $8 billion of the total $17.4 billion invested across the world, according to a report by U.K-based based Innovate Finance, the top fintech investor for the year Read More.

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Fintech Innovation Report Capital 223

PYMNTS

APRIL 2, 2020

As PingPong Co-founder and Chief Business Officer Ning Wang told Karen Webster in a recent conversation, a problem that once looked like a crisis that was local to China and limited to a “supply-side story about factories and sellers” has now blossomed into a global geopolitical story affecting nearly everyone, everywhere.

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PYMNTS

JANUARY 27, 2020

China has actually been looking at making its own CDBC since 2014. But Facebook’s announcement of its crypto coin Libra stoked alarm in other governments and agencies across the world. Officials in China are concerned that Libra could give the U.S. Officials in China are concerned that Libra could give the U.S.

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cryptocurrency National Strategy Regulation 144

PYMNTS

JANUARY 25, 2019

More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules to govern the sharing of eCommerce and cross-border data. So far, China has not signed on to the statement, which is expected to be announced at the World Economic Forum in Davos, Switzerland. “We

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PYMNTS

DECEMBER 6, 2020

Residents of Suzhou were given free digital yuan as part of a test orchestrated by China's central bank, according to reports, and retailer JD Digits announced it will accept the currency for some purchases. million residents of Shenzhen in Southern China. Bloomberg described JD.com as the second-largest online retailer in China.

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United States cryptocurrency Retail Online 189

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.

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PYMNTS

MARCH 2, 2020

Tech giants in China are deploying a color-coded health rating system to help officials track the millions of people returning to work in the wake of the fast-spreading coronavirus outbreak, The New York Times (NYT) reported on Sunday (March 1). The virus has killed at least 3,056 people, all but 144 in mainland China.

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TheGuardian

APRIL 29, 2023

Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok? Continue reading.

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Course US Policies Industry 96

Chris Skinner

MAY 14, 2018

Things we’re reading today include … Singapore’s Biggest Bank Takes on China Giants in Fintech Battle Banks are already bumping up against the limits of AI in lending decisions Santander Will Roll Out New Online Bank In UK Inside Shanghai’s robot bank: China opens world’s first human-free branch Eurozone economic … (..)

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Lending Fintech Online 190

Bank Innovation

SEPTEMBER 28, 2017

There is no shortage of interest in government-backed cryptocurrency in today’s world. From China, to Uruguay, to Estonia, many state governments have been spending a wealth […].

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cryptocurrency Innovation Bitcoin blockchain 268

PYMNTS

NOVEMBER 3, 2020

China's Tests of Digital Yuan Have Processed Over Four Million Transactions. People’s Bank of China (PBOC) Governor Yi Gang said, per a published report, that the experimental effort for the digital yuan has performed well, with more than two billion yuan ($299 million) used in more than four million transactions.

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Arizona Payments Risk Management Fintech 307