U.S.-based MoneyGram International has introduced a cash-to-account service with Industrial and Commercial Bank of China.

China's online retail world is facing a fractured partnership as a leading shopping site ends an agreement with a top payment site.

Consumers and companies buying products from retailers via AliExpress in China are soon to lose an important Internet payment channel.

Sino Payments Inc. has received a five-year service agreement to provide electronic funds processing for Sogo Department Stores in Hong Kong.

China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities.

China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.