China Leads On Mobile Wallets — Will Others Follow?
#Mobile #wallets, which are proving popular in #China, are less popular in the U.S. where consumers don’t find them more convenient that credit or debit cards.
Financial Technology
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China to Remove Foreign Ownership Limits on Banks
#China will move to an open market for financial services, allowing international financial firms to have more access into the country’s economy, Zhu Guangyao, China’s vice finance minister said today. The country’s new regulatory stance will #remove #foreign #ownership #limits on #banks. China will also allow international firms to take majority stakes in other companies, […]
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The Two Faces of Cryptocurrency in China
Even after shutting down dozens of #bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of #China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.” Furthermore, last week, China’s Ministry of Information and #Technology […]
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China Closes Bitcoin Exchanges as Prices Continue to Fall
The price of #bitcoin continues to teeter today, with the #cryptocurrency having lost a third of its value in the last week. Bitcoin’s sharp drop comes after rising uncertainty in the Chinese market, with two major Chinese currency #exchanges, #China BTC and ViaBTC, having announced that they will halt trading by the end of this […]
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After China, Will Israel Release ICO Guidance Next?
EXCLUSIVE – #Israel could likely be #next to #release #guidance on Initial Coin Offerings (ICOs), Bank Innovation has learned. The attention ICOs have received since the U.S. first announced its intention to regulate certain tokens through the Security and Exchange Commission in July is growing rapidly. Latest in the ever evolving ICO universe, Hong Kong’s Securities […]
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China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
EXCLUSIVE — Shanghai-based online lender #China #Rapid #Finance reported a 240% growth in consumer loan volume year-over-year and is #expecting its continued focus on its target consumer base to continue that growth. The company, which last year became the second Chinese online lender to conduct a U.S. IPO, is aimed at servicing what it calls […]
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China Rapid Finance Hopes Its U.S. IPO Will Grow Chinese Customers
As only the second #Chinese online lender to go public in the U.S. (first was Yirendai in 2015), #China #Rapid #Finance is confident its new listing on the New York Stock Exchange will lead to growth. The company, a consumer credit marketplace in China, focuses on providing credit access to what it calls “EMMAs”—“emerging middle-class, […]
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China Leads On Mobile Wallets — Will Others Follow?
#Mobile #wallets, which are proving popular in #China, are less popular in the U.S. where consumers don’t find them more convenient that credit or debit cards.
Tom Groenfeldt – Financial Technology -
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China And Hong Kong Doubled Fintech Investment In 2016, Passing US For The First Time
#China and #Hong #Kong saw greater #fintech #investment than the U.S. –$ 11.2 billion to $ 9.2 billion while leaving Europe in the dust with $ 2.4 billion.
Tom Groenfeldt – Financial Technology -
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China No. 1 for Fintech Funding, But It Is Not Doing Much Investing
#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 Innovate Finance, the top fintech investor for the yearRead More
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