China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, ... Read More
Payments on messaging and e-commerce platforms set to increase China’s GDP by $236 billion by 2025, unlocking new economic opportunities for people and small businesses A new UN study ... Read More
Almost exactly one year ago, Alibaba announced its US$1 billion purchase of a controlling stake in Lazada, the largest online shopping and selling marketplace in Southeast Asia – and a gateway ... Read More
China’s Third-party Mobile Payments Size Hit RMB9,041.9 Billion(US$ 1314.23 billion) in 2016 Q3 In 2016 Q3, China’s third-party mobile payment market reached RMB9,041.9 billion in size, a jump of ... Read More
Chinese investors continued aggressively investing in financial technology (fintech) last year, despite a slowdown in other major markets around the world. Fintech investments in China doubled during the first ... Read More
MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, and Ant Financial Services Group, one of the world’s leading digital financial services providers and parent company of ... Read More
Alibaba Group Holding Ltd.’s financial affiliate said it would collaborate with three banks and a payments company in Europe as the Chinese company seeks to expand its presence there. ... Read More
Alibaba‘s finance arm is working on a technology that could potentially allow users to shop inside virtual stores without having to take off their virtual reality (VR) goggles to ... Read More
Expect to “see” eye-scanning in more places. Alibaba’s payments arm, Ant Financial, has acquired EyeVerify, a maker of optical recognition technology used by Wells Fargo along with dozens of regional banks ... Read More
Tech giant has paved way by striking deals with big four state-run banks, but regulatory hurdles may remain Apple Inc. seeks by early February to launch its new Apple ... Read More
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