A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payments News

October 24, 2023

Top Post

September 27, 2023

On the web

September 26, 2023

On the web

mBridge CBDC Project Nearing Commercialization


"Eddie Yue, the CEO of Hong Kong’s central bank, expects that the mBridge CBDC project will gradually transition to commercialization. In a keynote speech at the 2023 Bund Summit, he detailed plans for the platform, which China, Thailand, Hong Kong and the United Arab Emirates are jointly developing in partnership with the Bank of International Settlements."

September 8, 2023

On the web

September 6, 2023

On the web

August 11, 2023

On the web

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

Crypto News

"More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of the People’s Bank of China (PBoC)."

August 10, 2023

On the web

Microsoft Exploring CBDC Option, As Bank of England Recruits Advisory Group


"Microsoft, the tech giant behind the popular Windows operating system and the Azure cloud platform, has announced that it is exploring the possibility of developing a central bank digital currency (CBDC) solution. Microsoft has partnered with the Digital Currency Institute of the People’s Bank of China, the central bank of China, to conduct research and development on CBDC technology."

August 9, 2023

On the wires

UnionPay International Partners with Malaysian Payment Network PayNet to Promote Cross-Border QR Interoperability

PR Newswire

"Today, UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia's national payments network jointly signed an agreement in Shanghai to promote the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions) and Chinese-mainland bank apps connected to the UnionPay App Network Payment Platform at the QR merchants in Malaysia."

July 25, 2023

On the web

July 24, 2023

On the web

July 21, 2023

On the web

July 12, 2023

On the wires

SoftBank Considering US Listing for its PayPay Business


"SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than Tokyo for listings given the higher valuations tech companies generally achieve there, one of the sources said."

July 11, 2023

On the web

July 7, 2023

On the web

June 28, 2023

On the web

June 20, 2023

On the web

China Launches Palm-Scan Payment System, Amazes Netizens Though Some Raise Security, Privacy Concerns


"Chinese tech giant Tencent Holdings has introduced a palm-recognition payment method in Beijing, allowing commuters using the metro to simply wave their palms over a scanner to pay for rides. Instead of using cards or phones to pay for rides, commuters in the capital city can wave their palms over a scanner which detects the user’s unique palm print and triggers an automatic payment from their WeChat account."

June 2, 2023

On the web

China Is Doubling Down on its Digital Currency

Foreign Policy Research Institute

"China’s central bank continues to take aggressive steps toward assimilating the digital yuan within its domestic financial system. Despite these efforts, less than a fifth of the Chinese population have utilized it."

June 1, 2023

On the wires

May 31, 2023

On the web

May 24, 2023

On the web

Chinese CBDC Digital Yuan Drive SME Loans to Outspread Its Use

The Coin Republic

"According to Changsha Evening News, small and medium enterprises (SMEs) can apply for loans using the digital Yuan. The first transaction was done in the city of Changsha in Hunan province. Three SMEs successfully obtained loans. The three firms received loans of 583,000 yuan which is around $83,300, after the Hunan Provincial Department of Science and Technology acknowledgment. The funds were processed through the Bank of Communication. It is a commercial bank assisting the PBoC with the digital yuan pilot program."

May 9, 2023

On the web

East China's Jiangsu to Expand Digital Yuan Usage in Education Sector

Global Times

"East China's Jiangsu Province recently released a plan for a pilot program to promote usage of the digital yuan in the local education sector, aiming to boost application scenarios such as fee payment and campus consumption.The plan will focus on various aspects to deepen the use of digital yuan in the education sector, chinanews.com reported on Tuesday."

April 27, 2023

On the web

China’s WeChat to Allow More In-app CBDC Payments – Digital Yuan Pilot “Accelerates”


"The Chinese tech giant Tencent has stated that its WeChat ecosystem will let users make digital yuan payments on applets and video channels. The move will allow WeChat users to pay via in-app applets using the Chinese central bank digital currency (CBDC). They will also be able to use the CBDC to shop on e-commerce platforms such as JD.com without leaving the WeChat ecosystem."

April 25, 2023

On the web

China Digital Currency: Jiangsu City Leverages Logistics Hub Status to Promote e-CNY in Belt and Road Trade

Yahoo Finance

"A city in eastern China's Jiangsu province plans to use the mainland's sovereign digital currency in cross-border trade with Belt and Road countries, as local governments warm up to the electronic money known as the e-CNY. Xuzhou, the starting point of many Europe-bound freight trains from China, has published a plan that promotes the e-CNY, including its usage in cross-border trade. The city has 18 regular cross-border railway lines to 21 countries in Europe and Asia."

April 24, 2023

On the web

China’s Digital Yuan to be for Government Wages

Ledger Insights

"China is to start paying the salaries of some civil servants and public officials using its central bank digital currency (CBDC), it was reported today. The current take up of the digital yuan is unclear as statistics have not been published for more than six months. One effect of the staff payment initiative will be to boost the Chinese CBDC adoption figures."

March 2, 2023

On the wires

Alibaba and Ant Venture to Launch RISC-V Chips for Payments


"Alibaba Group Holding's chip unit T-Head and Alipay, the payment service under Alibaba's financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting China's semiconductor sector."

February 6, 2023

On the web

January 30, 2023

On the wires

Alipay and AlipayHK Cross-Border Transactions Rebound During Chinese New Year as Travels Resume


China’s outbound and inbound travels showed fast and resilient rebounds during the recent long holiday to commence the year of the Rabbit, as witnessed by strong growth of popular cross-border digital payments. Between January 21 and 26, the year-on-year growth of outbound transaction volumes by Alipay users has surged by 150%, with the Hong Kong and Macao S.A.R.s being the most popular destinations for mainland consumers, based on the number of transactions during this Chinese New Year period.

January 16, 2023

On the web

Payments News

Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.

Glenbrook Payments Boot camp®

Register for the next Glenbrook Payments Boot Camp®

An intensive and comprehensive overview of the payments industry.

Train your Team

Customized, private Payments Boot Camps tailored to meet your team’s unique needs.

OnDemand Modules

Recorded, one-hour videos covering a broad array of payments concepts.

Glenbrook Press

Comprehensive books that detail the systems and innovations shaping the payments industry.