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China discreetly threatens Alipay, WeChat Pay with digital yuan
In Shanghai, the commercial hub of China, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying...
China mounts pressure on Ant and Tencent with new draft regulations
The powerplay between Chinese authorities and the country's two major digital payment platforms, Tencent’s WeChat Pay and Ant Group’s Alipay is set to further...
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