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Ping An Digital Bank has launched two trade financing products for SMEs, offering revolving credit facilities of up to HK$50 million to support importers and exporters. The new Rec...
China’s new SME payment rules, released this month, include a financing instruction that deserves scrutiny. Beijing is encouraging large companies to use bank loans and bond financ...
Mastercard and JD.com have launched two payment services for overseas visitors to mainland China. Travellers can now pay on JD.com with foreign-issued cards and receive an advance...
Linking payment systems with digital identity systems among other services and facilities can help Asian economies expand digital trade and narrow the trade finance gap facing smal...
Small and medium-sized enterprises (SMEs) in Asia-Pacific (APAC) are embracing digital tools, new payments methods, and artificial intelligence (AI) to grow their businesses. Yet,...
UnionPay has launched a plan to make paying easier for international visitors to Shenzhen’s Qianhai district during the 2026 APEC “China Year”. The plan sets out cross-border payme...
Most small and medium-sized businesses (SMEs) trading internationally are set to switch their current cross-border payment provider in the next two years, according to a Mastercard...
Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that it is Tencent’s first payment app for overseas users visiting Ch...
Ping An Digital Bank has launched a Purchase Order Financing product specifically for cross-border e-commerce businesses. The Ping An PO Financing product does not require traditio...
Cross-border payments are no longer just for major corporations. Small businesses routinely buy inventory from overseas, pay international contractors, sell through global marketpl...
The card network giant said it won approval from the Chinese government to begin preparing to offer card services domestically in the country.
Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal an...
Visa has received approval from the People’s Bank of China (PBOC) to prepare for a domestic bankcard clearing institution in China. The approval covers Visa’s Application to Prepar...
As demand for cross-border payments surges among its European small and medium-sized businesses (SMEs), Vivid, one of Europe's fastest-growing digital business financial platforms,...
DBS Hong Kong has released a survey on the city’s business outlook. SMEs are adopting AI and digital tools at nearly half the rate of large and mid-sized firms, the findings show....
XTransfer, a global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB) during t...
Almost nine in ten (88%) senior finance professionals at SMEs operating internationally believe stablecoins could improve cross-border business-to-business (B2B) collections, yet j...
Small businesses are looking ahead with ambition — but they are also preparing for the pressure that comes when opportunity arrives. Mastercard today introduced Dreamonomics, a new...
Tencent’s new payment app shows how China’s tech companies can lower barriers for foreign users without fundamentally changing the systems behind them.
The People’s Bank of China on Tuesday gave its approval to Visa to make preparations for a locally registered bank card clearing organisation, calling the move a major step in the...
As businesses in Africa look to expand in China, cross-border payments can present a barrier to entry. Many transactions rely on the U.S. dollar as an intermediary, adding conversi...
PingPong is a leading global fintech founded in New York in 2015 and headquartered in Hangzhou, China, with a singular vision: to provide seamless cross-border payment services to...
China doesn't run on cards or cash - it runs on app-based payments. WeChat Pay and Alipay rule, and while you could use both as a tourist before, WeChat is launching a new dedicate...
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