Tagged: alipay

China: WeiyangX Fintech Review

Chinese Banks May Stop Cooperation with Third-Party Data Provider Following Release of a New Privacy Regulation According to reports, People’s Bank of China (PBC) has issued the “Personal Financial Information (Data) Protection Measures (Draft)” to some Chinese banks this week. It is believed that the… Read More

Alipay Says It’s Not Servicing Crypto Trades, But is It?

Following a confirmation from CEO Changpeng Zhao (CZ) on Twitter yesterday that the Binance cryptocurrency exchange will soon allow customers to their trading accounts using Alipay and WeChat, Alipay has tweeted to deny Zhao’s announcement, stating: “NO, you cannot…There’re several reports about @Alipay being used for… Read More

As Crypto Ban Persists in China, Binance Exchange Enables WeChat and Alipay

Changing Zhao (CZ), CEO of Binance, one of the world’s largest cryptocurrency trading platforms, has confirmed on Twitter that the platform will begin accepting money transfers via Chinese payment giants WeChat and Alipay. The news is very significant because China has been pursuing a progressively… Read More

China: WeiyangX Fintech Review

The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More

Adyen Announces New Partnership With Alipay

Payments platform Adyen announced on Wednesday it has formed collaboration with Alipay, a payment and lifestyle platform to support payment methods for the AliExpress, Taobao, Tmall, and Alibaba.com brands globally. Adyen reported that the partnership with Alipay allows it to support Alibaba, operator of the… Read More

China: WeiyangX Fintech Review

Min Zhu: Libra is not Alipay. Its core concept is currency. On July 1st, the 13th Annual Meeting of the New Champions (also known as the Summer Davos Forum) in Dalian, China. Min Zhu, Chair of Tsinghua National Institute of Finance Research and former vice… Read More

China: WeiyangX Fintech Review

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More

Alipay Teams Up With Ininal to Connect Turkish Merchants With Chinese Visitors

Alipay announced on Tuesday that fintech company ininal has become its first partner in Turkey. According to Alipay, ininal is a new-general payment platform and a subsidiary of Multinet Up. The partnership will allow Alipay to be available for Chinese mainland visitor sat bricks-and-mortar stores… Read More

RiverPay Now Enabling Alipay & WeChat Pay Transactions at Brooks Brothers Brand Stores

Integrated payments and marketing platform RiverPay Inc. announced on Wednesday it recently began facilitating payments through Alipay and WeChat Pay, two mobile payment platforms most favored by Chinese consumers, at Brooks Brothers brand stores in key North American travel destinations, including the brand’s flagship store… Read More

Barclaycard Announces Partnership With Alipay

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, announced on Thursday it has formed a new partnership with Alipay, a global payment and lifestyle platform, to allow retailers to accept Alipay transactions in stores across the UK. Barclaycard reported that… Read More

China: WeiyangX Fintech Review

Beijing to Start to Test “Personal Credit Score” System On January 30th, the “Opinions on Strengthening the Management of Fine Urban Management” was officially announced. According to the document, Beijing will start to test a “Personal Credit Score” system to raise the awareness for integrity… Read More

Wirecard Enables Mobile Payments Through Alipay at Department Store Chain Stockmann

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has integrated Alipay as a payment method in the department stores in the Baltics operated by Stockmann. According to Wirecard, the Stockmann Group offers a wide range of fashion, beauty, home products, and food… Read More

China: WeiyangX Fintech Review

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

China: WeiyangX Fintech Review

Winners of the 2018 Global Fintech Venture Competition Announced in Beijing The winners of the 2018 Global Fintech Venture Competition were officially announced at the 3rd China Fintech Conference on January 20, 2019. The 2018 Global Fintech Venture Competition was initiated by Tsinghua IFR, jointly… Read More

Australian Business Only Bank Tyro Announces Alipay Integration With Sydney Airport Retailer Heinenmann Australia

Tyro, an Australia-based challenger business bank, announced on Wednesday its Alipay integration with Sydney Airport tax and duty-free retailer Heinemann Australia, where the payment system is now live. Tyro claims it is the first Australian bank to offer Alipay to its merchants with Heinemann Gold Coast International… Read More

Commonwealth Bank Brings Alipay to Albert Touchscreen Devices

Commonwealth Bank of Australia (CBA) announced on Thursday Alipay is now available on its Albert touchscreen devices. CBA claims it will become the first major bank to provide Alipay to customers in store and with nearly 900 million users choosing to pay for goods and… Read More

China: WeiyangX Fintech Review

Sesame Credit Accepted for Canadian Visa Application This week, the Canadian Immigration Department (IRCC) announced that Chinese tourists can choose to submit his/her Sesame Credit Visa report (≥750 points) as financial proof for Canadian visa application. Sesame Credit is credit-assessment service offered by Ant Financial,… Read More

China: WeiyangX Fintech Review

Ping An Invests $47 million in Berlin-based Fintech Startup Finleap On November 20th, Ping An, one of China’s largest financial groups, announced its first entry into the European market. The Ping An Insurance Group’s Global Voyager Investment Fund led a €41.5 million ($47 million) investment… Read More

China: WeiyangX Fintech Review

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

Alipay Announces New Partnership With the Union of European Football Associations

Digital payment platform Alipay announced on Friday it has formed a new eight-year global partnership for all Union of European Football Associations (UEFA) national team football competitions from 2018 to 2026. Alipay reported that it has become the official global payments partner for the UEFA and will be at all… Read More

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