Western Union is now processing WeChat Pay transactions internationally out of China, as part of a broader push to enable various wallets and payment ecosystems to...
The China-focused cross-border payments company wants to create a digital one-stop shop.
Hu Danqing, head of blockchain development, tells DigFin what's ready to industrialize, and what challenges remain.
The startup will apply for the first virtual banking licenses, setting it in eventual competition with traditional consumer banks.