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Ant Financial signs bank technology deal as Chinese mobile payments explode

Chinese banks posted robust growth in mobile payments in Q1 2018, according to the People’s Bank of China (PBOC). Banking institutions handled 70.8 trillion yuan (11.1 trillion US dollars) in mobile payments in the period, up 16.8% year on year, the central bank data showed. Around 10.7 billion payments were made through the banks’ mobile [...]

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