Tag: People’s Bank of China
People’s Bank of China Launches Digital Yuan Operation Centre in Shanghai
A Groundbreaking Move Towards Digital Currency Innovation and AdoptionHighlights: The People's Bank of China has officially opened a digital yuan operation center in Shanghai.This...
Mastercard’s joint venture receives approval to commence domestic payments in China
Mastercard's joint venture in China, Mastercard NUCC Information Technology, has received formal approval to commence domestic payments.
In February 2020, Mastercard NUCC received...
China imposes hefty fines on Ant Group and Tencent as it looks to normalise supervision
China's central bank, the People's Bank of China (PBOC), has imposed hefty fines on Ant Group and Tencent, along with other fintech companies, as...