Fintech China

09/10/2025

Weixin Reports 21% Rise in Cross-Border Payments as Holiday Travel Rebounds https://fintechnews.hk/35859/fintechchina/weixin-pay-chinese-tourists/

Weixin reports a 21% rise in cross-border payments during China’s National Day holidays, driven by visa-free travel across Asia.

02/10/2025

Alibaba Cloud Founder: AI Needs New Breakthroughs, Mass-Market Applications https://fintechnews.hk/35720/ai/alibaba-cloud-founder-ai-needs-new-breakthroughs-mass-market-applications/

AI has moved from theory to practice, and is now solving real problems. The focus should now be on applying AI creatively to scalable, mass-market applications.

01/10/2025

Huawei Cloud Unveils AI Compute Upgrades, New Services at CONNECT 2025 https://fintechnews.hk/35655/fintechchina/huawei-cloud-ai-upgrades-connect-2025/

Huawei Cloud announced major AI compute upgrades, new services, and Pangu Model applications at HUAWEI CONNECT 2025.

01/10/2025

Alibaba Cloud Unveils New AI Models and Upgrades at Apsara 2025 https://fintechnews.hk/35698/fintechchina/alibaba-cloud-apsara-2025/

Alibaba Cloud unveiled Qwen3-Max, Wan2.5 models, new agent frameworks, and AI infrastructure upgrades at Apsara Conference 2025.

01/10/2025

On this China National Day, we celebrate the nation’s progress and innovation. From digital payments to smart finance, China continues to shape the global fintech landscape.

30/09/2025

Yuno Expands in APAC with Singapore HQ and China Operations https://fintechnews.hk/35725/fintechchina/yuno-apac-expansion-singapore-china/

Yuno opens Singapore HQ, starts operations in China, and launches AI solution NOVA to simplify cross-border payments.

22/09/2025

The SplendorPlus campaign runs until the end of 2025, coinciding with a surge in travel between Singapore and China.
Read here:

UOB and UnionPay launch the SplendorPlus campaign with up to 5% cashback for UOB UnionPay cardholders spending in mainland China

10/09/2025

The partnership will see VPBank and GPBank deploy a high-capacity core banking system aimed at improving services for individuals, corporates, and SMEs across Vietnam.
Read here:

Vietnam’s VPBank is turning to China’s OneConnect to power a digital core banking system capable of handling a billion transactions a day.

05/09/2025

This collaboration marks a major step forward in HIVEX’s mission to connect leading mobile wallets globally and deliver a frictionless payment experience for international travelers.

Read here: https://fintechnews.hk/35420/fintechjapan/hivex-cashless-payments-japan-wechat-pay-paypay/

TBCASoft, developer and operator of the HIVEX® cross-border payment framework, today announced the launch of a landmark cross-border mobile payment initiative enabling Weixin Pay (WeChat Pay) users to make QR code payments at PayPay’s merchants in Japan.

05/09/2025

StraitsX will integrate with the HIVEX® Network, a next-generation international mobile payment solution.

Read here: https://fintechnews.hk/35415/payments/tbcasoft-partners-with-straitsx-to-lead-multi-currency-stablecoin-payments/

TBCASoft and StraitsX sign Project HIVEX® StableLink MOU to connect the HIVEX® Network with XSGD and XUSD stablecoins.

22/08/2025

China is reviewing a plan to allow yuan-backed stablecoins to support wider international use of its currency.

Read here: https://fintechnews.hk/35261/fintechchina/china-yuan-stablecoins-global-adoption/

China is considering yuan-backed stablecoins to expand global use of its currency, with a roadmap under review by the State Council.

19/08/2025

RayNeo and Ant Group introduce Alipay payments via AR glasses, enabling hands free transactions with global rollout ahead.

Read here: https://fintechnews.hk/35205/fintechchina/alipay-payments-ar-glasses-rayneo-ant-group/

RayNeo and Ant Group enable Alipay payments through AR glasses, offering hands free transactions with global rollout planned via Alipay+.