Payments Research

Jul

The PBOC and CUP push for tokenization in China

China is pushing its card industry towards tokenization as it seeks to make digital payments more secure on the Mainland. Banks and payment service providers (PSP) are required to use tokenization to process transaction data by the end of this year, according to Chinese business publication National Business Daily, citing…

Jun

Asia Payments Research

Ant Financial to Buy 20% Stake in Thailand’s Ascend Money

Ant Financial will purchase 20 percent of Thai payments and online finance provider Ascend Money, with the right to increase its stake to 30 percent, China’s Ministry of Commerce said in a statement on its website.

Jun

China Payments Research

Will a potential Taobao and UnionPay collaboration actually work?

Rumours are swirling that Alibaba’s Taobao will collaborate with UnionPay. While details are still unknown, this partnership is noteworthy as Alibaba’s online payments system Alipay and UnionPay have been fierce rivals for the past ten years.

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