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.

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May 13, 2024

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April 12, 2024

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April 11, 2024

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April 2, 2024

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February 23, 2024

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February 8, 2024

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January 30, 2024

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January 2, 2024

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December 18, 2023

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December 7, 2023

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November 30, 2023

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October 24, 2023

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September 27, 2023

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September 26, 2023

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mBridge CBDC Project Nearing Commercialization

Blockworks

"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

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September 6, 2023

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August 11, 2023

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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

Tekedia

"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

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July 24, 2023

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July 21, 2023

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July 12, 2023

On the wires

SoftBank Considering US Listing for its PayPay Business

Reuters

"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

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July 7, 2023

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June 28, 2023

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June 20, 2023

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

TODAY

"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."