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India, China to drive huge growth in cloud based mPOS solutions
A new study from Juniper Research suggests that mPOS solutions are going to be a huge growth area, driven by demand from India and China. Read more…
Alipay
Off the Wire
BLOCKCHAIN WIRE: Content rights, cross-border remittance, SME credit scores
Blockchain action this day: EY and Microsoft launch a blockchain solution for content rights/royalties management; AlipayHK and GCash launch a blockchain-based cross-border remittance service; SmartPesa launches its ICO for a blockchain network that offers credit Read more…
News
Apple stores in China now accept Alipay as well as Apple Pay
BEIJING/SHANGHAI (Reuters) – Apple will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group amid a push by the iPhone maker to revive growth in Read more…
News
Marriott teams with Alibaba to target Chinese tourists
(Reuters) – Marriott International said it would partner with China’s Alibaba Group Holding to tap into the growing number of Chinese citizens who travel abroad. The world’s biggest hotel chain said the joint venture with Read more…
Off the Wire
Cathay Pacific targets mainland Chinese travelers with Alibaba deal
Alibaba Group, Ant Financial Services and Cathay Pacific have announced a strategic cooperation to explore ways to cash in on outbound travel among Chinese consumers by leveraging Alibaba’s travel services, cloud computing and payments services. Read more…
News
CIMB subsidiary links up with Alipay in financial services JV
KUALA LUMPUR (Reuters) – CIMB Group Holdings, Malaysia’s second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and Read more…
News
Tencent files license application to bring WeChat Pay to Malaysia
HONG KONG (Reuters) – Tencent Holdings has applied for a licence in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Read more…
News
Stripe adds Alipay and WeChat Pay to global payments platform
NEW YORK (Reuters) – Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Read more…
Off the Wire
International push paying off for Chinese digital payments firms
Chinese companies like Alibaba, Tencent and UnionPay are increasingly dominating the digital payments scene as they expand their reach outside of China into the lucrative international market, according to a new study from Juniper Research. Read more…
Off the Wire
Norwegian Cruise Line adopts Alipay for debut Chinese liner
Norwegian Cruise Line has announced the debut of the Alipay payment solution onboard its most recent addition to its fleet and its first cruise ship in the China market, Norwegian Joy. Norwegian began accepting transactions Read more…
News
Alipay now supports HKD payments in Hong Kong
HONG KONG (Reuters) – Chinese online and mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of Read more…
News
Ant Financial’s global push continues with $200m investment in Kakao Pay
SHANGHAI (Reuters) – China’s Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao, extending a major push by the Chinese firm to create a Read more…
Off the Wire
Ant Financial and Ayala take minority stakes in Globe Telecom’s Mynt
Globe Telecom has announced that Alibaba-owned Ant Financial Services Group and Ayala will invest in Mynt – a.k.a. Globe Fintech Innovations, a wholly-owned subsidiary of Globe Capital Venture Holdings (GCVHI) under Globe Telecom – with Read more…
News
Alipay expands European presence with four new partnerships
BEIJING (Reuters) – Alipay said on Tuesday it has partnered with four more financial services providers in Europe, as it looks to tap into Chinese consumers travelling abroad, in a move that could help China’s Read more…
News
Ant Financial chair apologizes after Alipay enables naughty dating service
BEIJING (Reuters) – The head of Ant Financial Services Group, the payment affiliate of Alibaba, apologized on Tuesday following backlash from Chinese netizens over a social feature in the company’s payment app that critics say Read more…
News
Alipay strikes deal with Verifone in quest to reach overseas Chinese
FRANKFURT (Reuters) – China’s Alipay has agreed with US-based Verifone to integrate its mobile app on Verifone payment terminals at merchants in Europe and North America, the latest such deal to reach Chinese consumers travelling Read more…
Views
If fintech has the equivalent of a Silicon Valley, China is already it
A report from Citi Group on the state of the fintech arena makes interesting, disturbing and/or exciting reading. This depends on where you are sitting. If you are a bank, you will be disturbed; if you Read more…