More News for June 18th, 2020
Stash opens the metrics kimono regarding growth during the pandemic How Sunrise Banks and Anvil onboarded $127M in ...
Tencent & Alibaba Find Value in Buy Now Pay Later
Chinese giants Tencent and Ant Financial have found value in the buy now pay later industry with the companies buying stakes in some ...
China’s Central Bank Digital Currency Set to Make Alipay & WeChat Pay Stronger
Central bank digital currencies have taken on more importance in the last few years with China leading the way as they have been ...
WeLab Helps Public Get Government Funds Sooner
WeLab is helping consumers get access to their HK$10,000 handouts before they would receive it directly from the government; the loan is likely ...
SoFi Introduces Sofi Invest in Hong Kong
The new expansion into Hong Kong is SoFi’s first foray into international markets; SoFi Invest will allow investors access to brokerage, automated investing ...
The Current State of Personal Loans in China
Executives at some Chinese banks and online lenders are reporting that more consumers are becoming delinquent on their credit card and loan payments; ...
The Impact of Coronavirus on Chinese Consumers
Early data coming out of China shows an increase of loans that are past due; According to Bloomberg, overdue credit-card debt increased about 50% from ...
China Looks Into Setting Up Debt Managers to Handle P2P Loans
China’s banking regulator is looking at potentially setting up regional bad-debt managers to deal with the collapse of the significant amount of failed ...
Former CFTC Chairman Says Fed Should Introduce a Digital Currency
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve should introduce a ...
Mastercard Gains Approval for Entry into China Market
Mastercard has gained approval from the People’s Bank of China (PBoC) to enter the Chinese market as a bank card clearing institution; the ...