Banking & Payment

MoneyGram Introduces Cash-to-Account Service With ICBC

December 20, 2011

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



Online Retailer Nixes Internet Payment Partnership In China

August 31, 2011

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



Chinese Online Shopping Platform Loses Cooperation With PayPal

June 13, 2011

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



Hong Kong's Sogo Department Stores Ink New Payments Deal

March 28, 2011

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



Credit Card Agreement Expanded In China

January 3, 2011

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.



Bank Aims To Provide Services In China's Rural Areas

December 24, 2010

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.