Tagged: alipay

December 10, 2019 @ 9:55 am By Xu Gao  |  

46 Innovative Financial Services & Products From 77 Entities Accepted into Beijing Fintech Sandbox On December 7th, Beijing Municipal Bureau of Financial Work held a Fintech seminar in Beijing. Zhicheng Zeng, an official from the People’s Bank of China, revealed in a speech that 46… Read More

November 17, 2019 @ 11:33 pm By Omar Faridi  |  

Cashless or digital payments have become increasingly popular, however, cash still remains a widely-used payment method in most nations, especially in rural communities and jurisdictions with a large unbanked population. Following many years of steady growth, the total number of cash withdrawals made via ATMs… Read More

November 11, 2019 @ 4:21 pm By JD Alois  |  

Alipay, part of Ant Financial / Alibaba, just had a gangbusters day as all of the transactions for Singles Day were processed through the payment platform. More than five years ago, Alipay topped PayPal to become the world leader in mobile payments – something that… Read More

November 9, 2019 @ 5:00 pm By Xu Gao  |  

Alipay and WeChat Pay Open to International Visitors Previously, international tourists visiting China cannot enjoy the convenience of local mobile payment (Alipay & WeChat Pay) services if he/she did not have a Chinese mobile number and bank account. This changed this week. On November 7th,… Read More

November 7, 2019 @ 4:21 am By Omar Faridi  |  

Hangzhou-based Alipay, a company that provides a mobile and online payments platform, has introduced a new prepaid card service for people visiting China. The card is reportedly supported by the Bank of Shanghai. The company’s announcement noted: “We heard you. You want to use Alipay… Read More

October 24, 2019 @ 8:44 am By Omar Faridi  |  

Shenzhen-based Tencent, an internet service portal that provides mobile, telecom, and online advertising services, has stated that the proposed launch of the Facebook-led Libra project could pose a threat to existing digital payment platforms. Tencent’s management noted in a recently published blockchain whitepaper that the… Read More

October 19, 2019 @ 7:00 pm By Xu Gao  |  

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

October 12, 2019 @ 7:11 pm By Xu Gao  |  

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

October 11, 2019 @ 1:53 am By Cali Haan  |  

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

October 9, 2019 @ 9:35 pm By Cali Haan  |  

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

September 14, 2019 @ 6:25 pm By Xu Gao  |  

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

August 28, 2019 @ 1:40 pm By Samantha Hurst  |  

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

July 6, 2019 @ 5:05 pm By Xu Gao  |  

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

May 25, 2019 @ 10:01 am By Xu Gao  |  

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

May 21, 2019 @ 3:00 pm By Samantha Hurst  |  

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

April 3, 2019 @ 2:54 pm By Samantha Hurst  |  

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

March 14, 2019 @ 2:24 pm By Samantha Hurst  |  

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

February 16, 2019 @ 8:50 am By Xu Gao  |  

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

February 5, 2019 @ 10:26 am By Samantha Hurst  |  

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

February 2, 2019 @ 10:09 am By Xu Gao  |  

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