Three news stories.
• Should Didi Chuxing be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Didi Chuxing be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau... More
Chinese ride-hailing giant Didi Chuxing enters financial services amid profit push — South China Morning Post — “The new offering, which Didi introduced on Wednesday, includes mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing services… Didi’s foray into financial services is part of its effort to build a ‘more connected ecosystem’ with reliable and competitive services, according to a company spokesman.”
Didi Chuxing picks up a payment license — Caixin — “Didi Chuxing, China’s largest ride-hailing company, is speeding into the payments business, acquiring a much-coveted license to join the red-hot internet financial-services arena. Didi has agreed to fully acquire third-party payment-services provider 19Pay for 300m yuan (US$45.4m)… Last year, the PBOC said it would control the number of third-party payment licenses issued, making it increasingly difficult to get a license.”