Hi fintech friends,

Here’s your quick catch-up on what’s making waves in China’s fintech scene this week—from new partnerships and product launches to big moves in digital payments and crypto. Let’s dive in.

Coin Related

• Shenzhen’s Futian Investment, a Chinese state-owned enterprise, has issued the first publicly tradeable tokenised bond on Ethereum.
• Binance has launched Medá, a regulated fiat channel in Mexico, investing over USD 53 million to expand access to digital asset transactions and financial inclusion in the region.

Licensing & Regulations

• Luxembourg authorities have fined Alipay Europe €214,000 for anti-money laundering breaches.
• Hong Kong’s logistics company CWT International secured a MAS license to offer digital and cross-border payment services in Singapore.

Financing & Acquisition

• Airwallex has acquired San Francisco’s OpenPay, expanding into global billing and subscription management.
• KPMG reports Asia-Pacific fintech funding fell to a decade low, as investors shift focus toward infrastructure, AI, and regulatory clarity amid global market recalibration.

Product & Partnership Launches

• Alipay+ is enabling seamless global payments through new partnerships across Asia.
  • GCash has partnered with Alipay+ and Mastercard to launch a global ‘Tap to Pay’ contactless solution, allowing users to make secure NFC payments at over 150 million locations worldwide.
  • Nepal’s Fonepay and Alipay+ have collaborated to enable tourists from 11 countries to pay local merchants using their home e-wallets.
  • Malaysia's Paydibs has partnered with Alipay+ to help Malaysian SMEs accept payments from over 15 international e-wallets, making cross-border transactions easier and more inclusive.
• Ant International’s Antom has launched an agentic payment solution, piloting AI-driven checkout flows with Mastercard and Visa to enable secure, flexible payments via cards and digital wallets.
• Webull has relaunched crypto trading services in the US, integrating account management and digital asset trading into its main investment app for a streamlined user experience.

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