Tagged: alipay

Consumer Spending Recovery Observed on Alipay Platform Around Chinese New Year: Report

As this year’s week-long Chinese New Year holiday comes to an end, Ant Group would like to share some observations on Chinese consumers’ spring festival spending and trends. These findings “provide a snapshot of recovering consumption in China’s domestic market and outbound tourism market.” Main… Read More

Splitit, Alipay to Enable ‘Pay After Delivery’ Installments on AliExpress

Splitit Payments Limited (ASX:SPT), which claims to be the only white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, announced that Splitit and Alipay have formed a partnership “to power the ‘Pay After Delivery’ option for… Read More

Alipay+ to Provide Cash-Free Travel Experiences for Tourists in Chinese Mainland

Alipay+, a provider of global cross-border digital payment and marketing solutions, is striving to provide cash-free and mobile-friendly travel experiences for Asian tourists in the Chinese mainland “as it seeks to partner with more merchants and enable greater QR code connectivity.” Starting from January 8,… Read More

Alipay+, a Provider of Cross-Border Payment Solutions, to Serve 100M Digital Wallet Users

Alipay+, a suite of cross-border payment and marketing solutions, has supported global online merchant partners “to serve over 100 million e-wallet users as they flock to take up the offers and benefits since the global Double 11 event kicked off on November 1.” The consumers… Read More

Alipay+ Teams Up with Merchants in Japan to Create Seamless Travel Experiences

Ant Group announced that Alipay+ has expanded its enablement of seamless travel experiences to Japan, where over 1 million local merchants are now “connected to global cross-border digital payments and marketing capabilities to better serve consumers across the world.” Universal Studios Japan is the latest… Read More

Financial Services Subcommittee Hearing to Review Alternative Payment Systems and Security Impacts

The House Financial Services Committee, Subcommittee on National Security, International Development and Monetary Policy will convene a hybrid hearing entitled, “Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth.” According to the hearing memo, alternative payment systems can operate independently… Read More

Thunes, Alipay+ to Connect European Merchants with Asian Consumers

Thunes, a cross-border payments company, announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group. Thanks to this collaboration, Thunes’ customers and merchants in Europe will now be able to accept Asia’s most widely-used mobile wallets: China’s Alipay… Read More

Till Payments Adds Alipay to Education Offering via Alipay+ Partnership

International payments Fintech, Till Payments recently announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, in order to integrate Alipay into its Education product offering while exploring the potential integration of other virtual payment methods offered by… Read More

QNB Introduces Wechat Pay, Alipay+ in Qatar

QNB, which is one of the largest financial institutions in the MENA region, has introduced  WeChat Pay and AliPay+ to its existing range of payment options that are accepted by its merchant network in Qatar, making it the first banking institution in the country to… Read More

Alipay+ Updates Cashier Product to Offer Merchants Integrated, Cost-Efficient Experience

Ant Group recently announced the launch of Alipay+ Unified Payment. This product upgrade “provides a unified, scalable technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+ in a more convenient and effective way.” Alipay+ offers “a… Read More

Ant Group Partners with Payments Platform 2C2P, Will Become Majority Shareholder

Ant Group, an offshoot of Alibaba and the owner of the largest payment platform in China – Alipay, has partnered with 2C2P – a global payments platform. Simultaneously it was announced that Ant Group will become the majority shareholder of 2C2P upon completion of the… Read More

People’s Bank of China Now Supporting “Controllable” Risks in Fintech Innovation in Alibaba Group’s Zhejiang-based Offices

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

Remittances: Sber Introduces Fund Transfers to China by Using Phone Numbers

Sber has reportedly marketed money transfers to Alipay wallets in mainland China by using phone numbers. In order to make a remittance payment, users simply need to indicate the phone number and full name of the intended recipient via SberBank Online, and the funds will… Read More

China: WeChat and Alipay Payment Codes for Businesses Banned by People’s Bank of China

The People’s Bank of China has banned the use of WeChat and Alipay payment codes for businesses beginning on March 1, 2022, according to reports. WeChat and Alipay are the two most popular digital payment platforms in China. According to China News, personal collection codes… Read More

UEFA EURO Gets the Blockchain Treatment Through Ant Deal

This year’s UEFA EURO extravaganza will have a distinct blockchain influence for the first time. Ant Group’s blockchain arm AntChain has signed a five-year agreement with the football body which will see it become the official blockchain partner of UEFA EURO 2020 and UEFA national… Read More

China: WeiyangX Fintech Review

Police in Changsha Receive Salaries in the Form of Digital RMB At present, digital RMB pilots have been conducted in various applications across China. On May 8th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of… Read More

Fintech Unicorn Marqeta Might Conduct IPO as Early As Next Month: Report

Fintech Unicorn Marqeta is reportedly planning to conduct an initial public offering (IPO) later this year, according to a report from BI. Oakland-based payments processor Marqeta is valued at around $4.3 billion. The company provides debit cards to firms such as DoorDash and Instacart. Marqeta… Read More

President Trump Signs Executive Order to Ban US Transactions with Chinese Fintech Apps like Alipay, Tencent’s Digital Wallets

US President Donald Trump has signed an order that aims to place a ban on US transactions with eight major Chinese apps – which reportedly includes Ant Group’s Alipay and Tencent Holdings’ online wallets. Notably, this order has arrived just days before the Trump administration… Read More

Alibaba Under Investigation. Will Ant Group Ever IPO?

Chinese regulators are said to be investigating whether Alibaba (NYSE:BABA) has been engaging in non-competitive practices. Simultaneously, Ant Group – a top Fintech, is receiving additional scrutiny. Ant Group is the parent company of Alipay, China’s largest mobile payment platform. Additionally, it has been widely… Read More

Pushing Pause: Ant Group Listing on Shanghai Exchange Postponed

Following a meeting with Chinese regulators, Ant Group’s listing on the Shanghai exchange has been postponed. Poised to become the largest ever Fintech IPO at $34 billion, the hurdle is a disappointing twist for founder Jack Ma – one of the wealthiest entrepreneurs in the… Read More

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