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    Postal Savings Bank

    News stories featuring Postal Savings Bank:

    Ant Financial seeks US$3bn in funding

    March 8th, 2016

    Alipay parent Ant Financial is planning to raise up to 20bn yuan (US$3.1bn) in its current funding round at a valuation of more than $50bn, according to The Wall Street Journal. “The fresh funding will give the operator of popular Chinese online payments platform Alipay more financial muscle as it buys stakes in businesses ranging from a Chinese lottery company to China’s Postal Savings Bank,” the publication says. “It also sets the stage for Ant Financial’s future initial public offering — bankers expect it as early as 2017.”

    Chinese banks sign up for China Telecom NFC wallet launch

    December 3rd, 2013

    Mobile network operator China Telecom is to launch an NFC mobile wallet in China later this year, in cooperation with more than a dozen financial institutions. More than 30m NFC-enabled SIM cards will be distributed… More

    China UnionPay begins major expansion of NFC project

    China UnionPay begins major expansion of NFC project

    March 17th, 2010

    The bank card association is conducting NFC pilots in Shanghai, Ningbo and Changsha and has extended its mobile payments services to a total of six provinces and regions. More

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