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A study from Juniper Research has found that the number of unique digital wallet users will exceed 4.4 billion globally in 2025; rising from 2.6 billion in 2020.
Operator of GCash mobile wallet says the multiple-tranche investment takes its post-money valuation in the final tranches to near $1 billion.
Payments company AsiaPay to use technology provider Fat Zebra’s processing infrastructure to access more networks for digital merchants in the two countries.
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
China is at the vanguard of the new payments revolution and nowhere is set to feel the pain more than China’s banks. A new report outlines just how deeply new fintech is cutting into China’s bank revenues