Credit: Reuters
Hi fintech friends,
Please find another week of news on Chinese fintech and economy in the below.
Product & Partnership Launches
OKX launched OKX Pay in Singapore, enabling USDT and USDC stablecoin payments at GrabPay merchants with instant SGD settlement.
Ant International launched AI SHIELD, an AI risk toolkit for financial services.
Airwallex added Danish krone, Norwegian krone and Swedish krona and Polish zloty into its EU card payment offering.
Welab and Google formed an AI partnership to improve digital banking efficiency in Asia.
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Licensing & Regulations
The People’s Bank of China (PBOC) opened a digital yuan international operations centre in Shanghai.
China approved Japan's Mizuho to launch its wholly-owned securities firm.
Airwallex received in-principle approval from the Central Bank of the UAE for Stored Value Facilities and Retail Payment Services (Category II) licenses.
The Hong Kong Monetary Authority (HKMA) announced that it has received 36 applications for stablecoin licenses from banks and technology companies by September 30.
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