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Despite the Chinese government’s push for the adoption of the digital yuan, many workers are still hesitant to use it for their daily transactions. What Happened: Sammy Lin, an account manager at a state-owned bank in Suzhou, receives her monthly salary in digital yuan. However, she, like...

U.S.-listed China stocks launched into a rally earlier this week, encouraged in part by indications from Beijing that the witch-hunt against these companies will soon end. A Bloomberg report, however, suggested that it may be too early to call a truce. What Happened: Media and...

The worst part of travel often comes down to payments, loyalty rewards and customer service. That’s according to Daniel Marovitz, the senior vice president of fintech at Booking Holdings Inc's (NASDAQ: BKNG) Booking.com, with whom Benzinga spoke on how a new fintech unit...

PayPal Holdings Inc (NASDAQ: PYPL) is planning to launch a local wallet in China that will focus on cross-border payments, CNBC reported on Monday citing Hannah Qiu, the China CEO for PayPal. What Happened: Qiu told CNBC that the U.S. fintech company is planning to launch a domestic wallet in China...