Payments Research

Dec

Will Alibaba’s Circles incident slow down the development of the credit score industry in China?

The first batch of Chinese credit scoring companies has been waiting for their licenses for 24 months now. What are the reasons for the delay and how has the recent Alipay Circles incident affected the formal launch of the industry?

Dec

China Payments Research

Wang’Lian, the new clearing house for digital payments in China

Since the start of this year, there have been many news about the set up of “Wang’Lian”, which means Non Bank Internet Payment Union, in China.

Dec

China Payments Research

China gives up on NFC, goes QR

NFC standards have been agreed and in place for just over 5 years in China, but have made little headway. On Monday this week, China UnionPay launched their own QR code solution. China UnionPay was one of NFC’s primary supporters, so this shift to QR could mean the end of…

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