The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Peak Fintech Acquires Minority Stake in China UnionPay Subsidiary

News Snapshot:

Peak Fintech Acquires Minority Stake in China UnionPay Subsidiary MONTREAL, July 29, 2021 /PRNewswire/ – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF ) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has acquired a minority stake in China UnionPay subsidiary Rongbang Technology Ltd. (“Rongbang”). Earlier this year, Peak signed an agreement with Rongbang that allows Peak to use the China UnionPay network to provide fund transfer and payment settlement services within its Lending Hub ecosystem. After working closely with Rongbang ( https://c212.net/c/link/?t=0&l=en&o=3243177-1&h=2054261220&u=https%3A%2F%2Fwww.masget.com%2F&a=https%3A%2F%2Fwww.masget.com%2F ) to connect to the UnionPay…

Other China Tech Buzz: