Sections
Alipay
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5.6KPayment MethodsNew Payments Rule Could Cost Alipay, Tencent More Than $1B
Alipay and Tencent, operators of the two leading digital payment services in China, could lose as much as $1 billion combined in...
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1.5KCross Border CommerceFlywire And UnionPay Expand Cross-Border Payments Partnership
The market for Chinese consumers in search of education and medical care in the United States and around the world is large...
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2.5KMarketsAs Ant Financial Rises, So Does China
Here comes China. Again. The recent $14 billion worth of fresh capital for Ant Financial — the China-based firm that is now...
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2.3KFintech InvestmentsAnt Financial Now Worth More Than Goldman Sachs, Morgan Stanley Or Amex
There are big fundraising rounds, massive fundraising rounds and incredible fundraising rounds. And then there’s raising so much money in a single...
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1.6KPartnerships / AcquisitionsAnt Financial Adds Third Bank Partner This Month
Ant Financial continues its bank partnership streak, signing a strategic cooperation agreement today (May 30) with Shanghai Pudong Development Bank (SPD Bank)....
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1.7KInvestments$150B Valuation Makes Ant Financial World’s Largest Unicorn, Ahead Of Possible IPO
Ahead of an expected initial public offering (IPO), Alibaba’s investment arm Ant Financial has secured $10 billion in funding from global and...
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1.9KMobile PaymentsVeea And CITCON Bring Alipay And WeChat Pay To More US Merchants
Veea Inc. has announced a strategic partnership with CITCON, a cross-border mobile payment company, that will make Alipay and WeChat Pay available...
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2.7KMobileInside China’s Effort To Marry Digital ID With Mobile Payments
It’s a prospective marriage that Chinese government authorities and digital commerce executives are pushing hard, including via a recently announced test involving...
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3.9KSizzle/FizzleRobots Sizzle, Tax Reform Fizzles And Facebook Raises Eyebrows With Its Timing
Fizzle of the Week: Timing Spring has finally arrived across the United States, and love is in the air. Even on Facebook....
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3.5KNewsFive At Five: How Amazon Wields Influence In Real Estate
Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include the...
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2.5KPayment MethodsChinese Millennials Drive Spike In Overseas Alipay Use This May Day
There’s nothing like a holiday to get people spending — and it’s not just Christmas and Hanukkah. In America, holidays like Halloween,...
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4.1KStartup Check-InHow India Will Leapfrog Plastic Payments
Three decades ago, there were 25 million credit cards in use across the Indian subcontinent, despite it being one of the world’s...
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3.2KFintech InvestmentsBaidu’s New Firm Gets $1.9B Investment To Compete In China’s FinTech Market
Baidu’s new firm has received $1.9 billion in funding that will enable it to better compete in China’s growing FinTech space. According...
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997CryptocurrencyAnt Financial CEO Is Not A Fan Of ICOs
The chief executive of Ant Financial Services Group, the payment affiliate of Alipay, is no fan of initial coin offerings (ICOs). According...
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2.6KInternational
Walmart Taps WeChat For Western Region Of China In A Blow To Alipay
In what is seen as a blow to Alipay, Walmart inked a deal with rival Tencent Holdings to use WeChat Pay, its...
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2.1KToday In DataCapturing Consumers In A Rapidly Resetting Environment
The fact that the world is changing rapidly shouldn’t come as much of a shock — though the speed and centers of...
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3.9KLatin AmericaAlipay Partners With Openpay In Mexico
Pushing its footprint even deeper into the Americas, Ant Financial’s Alipay — China’s leading payment provider and the primary means of online and mobile payment...
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3.3KMobile CommerceBuilding Bridges For Chinese Consumers To U.S. Commerce
According to the U.S. Commerce Department, 2.97 million Chinese nationals visited the U.S. in 2016 (the last year for which data is available), spending...
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4.0KMobile Payments
First Data Expands Alipay Acceptance To 600M Chinese Users
Ant Financial’s Alipay is expanding across North America as it broadens its partnership with First Data, the companies announced Monday (March 19)....
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3.3KInvestmentsAnt Financial Buys 45 Percent Stake In Telenor Microfinance Bank
Telenor Group announced news on Tuesday (March 13) that it made a strategic partnership with Ant Financial Services Group in which Ant...
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3.6KPartnerships / AcquisitionsAlipay Consumers Pay At POS In Canada
Alipay, the payment affiliate of Alibaba, is reportedly reaping the rewards of its partnership with Motion Pay Technology, the payment company in...
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4.4KPartnerships / AcquisitionsAlibaba Is Hungry For Food Delivery Service Ele.me
In a possible deal to strengthen its delivery network in China, Alibaba reported plans to buy out Baidu and other investors in...
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3.4KRetailSMBs Turn To Mobile Devices To Accept Payments In Face-To-Face Environments
The retail point-of-sale (POS) terminal market is no stagnant business. While it is currently a $15 billion industry, Global Market Insights is...
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3.6KMobile PaymentsSouth Korean Starbucks Accepts Alipay For Tourists
Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country...
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3.8KInternationalAlipay Launches In Israel
Alipay is partnering with Israel Credit Cards (ICC, CAL) and OneBill to launch its payments service platform in Israel. Alipay currently has...
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7.5KPayment MethodsWeChat Pay Lets Users Link International Debit, Credit Cards
WeChat Pay, the digital payment arm of China’s Tencent, announced news on Thursday (Jan. 25) that it will open up its payments...
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5.7KBankingVocalink CEO On Making Payments Faster, Sooner
Call it agility. Or, in a more long-winded fashion, that nimbleness which brings together new and existing rails, melding legacy systems with...
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3.1KRetailChinese Millennials May Save Luxury Brands
Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese...
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3.3KPayment MethodsBlackhawk Network, QR Codes Power Alipay At US POS
Blackhawk Network, the financial technology company, and Alipay, the digital payment service operated by Ant Financial Services Group, have inked a partnership...
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2.4KLoans
Ant Financial Approved To Issue Consumer Credit-Backed Securities
Ant Financial Services Group (which offers Alipay) said on Monday (Jan. 15) that it has garnered approval in China to issue consumer...
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3.3KPayment MethodsLacoste US To Accept Alipay As Payment Method
Alipay, the digital payment arm of Alibaba, announced Thursday (Jan.11) it had entered into a partnership with French apparel brand Lacoste that...
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13.2KPayments InnovationPayments 2018: Think This — Not That
In 800 B.C., when people wanted to know the answer to “what’s next” about their personal futures, they flocked to Delphi and...
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3.6KInternationalAnt Apologizes Over Credit Scoring Snafu
Following an online uproar, Chinese financial giant Ant Financial has apologized for auto-enrolling unsuspecting users of its new shopping profile service in...
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3.2KPartnerships / AcquisitionsHonda Partners With Alibaba To Develop Connected Car Services
Honda is teaming up with Alibaba Group Holding’s AutoNavi business to develop new services for connected cars. According to news from the Nikkei...
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4.3KInternationalAlibaba’s Singles Day Tops $25B, Crushing 2016 Record
Alibaba Group Holding, the Chinese eCommerce giant, saw gross merchandise volume of $25.3 billion for this year’s Singles Day Global Shopping Festival,...
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5.2KPartnerships / AcquisitionsMarqeta Powers Instant Card Issuance For Alipay Users Stateside
Marqeta, an open API card issuer, and Alipay, a third-party payment platform popular in China, have announced news of a partnership that...
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6.6KMobile PaymentsChase To Enable Alipay Acceptance At Chase Merchants
Alipay announced news on Friday (Oct. 20) that it is working with JPMorgan Chase on a plan to allow Chinese consumers traveling...
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5.3KPOS InnovationAlipay Expands POS Presence With Poynt
Alipay, the digital payment company owned by Alibaba, China’s largest eCommerce company, has inked a partnership with Poynt, the maker of smart...
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3.8KInternationalHow To Succeed In (Chinese) Business Without Really Trying
“When in Rome, do as the Romans do.” That ancient proverb holds true today, wherever one goes — especially if one is...
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5.0KPayment MethodsAlipay Coming To US Taxis In Verifone Deal
Payment services company Verifone and digital payment service Alipay, owned by China’s Alibaba, announced Tuesday (Oct. 17) they have formed a partnership that will...
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2.6KDigital PaymentsWill It Be Nordic Banks Against The World In Mobile Payments?
The world beat a path to Scandinavia’s door this year when it came to mobile payments. Samsung Pay was the first international...
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3.2KDigital PaymentsAlipay Says In-Store Drove Strong YoY Growth During Golden Week
China’s Golden Week appeared to be good for Alipay, the digital payment unit of Alibaba, which saw a big uptick of in-store...
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3.3KPartnerships / AcquisitionsAdyen Powers Alipay At The POS
Adyen, the omnichannel payments platform based in Amsterdam, announced news on Tuesday (Oct. 3) that it is expanding its partnership with Alipay,...
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4.3KMobile PaymentsAlipay Partners With Norway Tourism Board
Alipay, China’s leading third-party online payment solution, has partnered with Norway’s tourism promotion agency to provide better services to Chinese tourists traveling...
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4.5KApple PayDidi Riders Can Now Use Apple Pay for Ride Sharing
Didi, the Uber of China (and, in fact, the local service that gobbled up Uber China last August), has added Apple Pay...
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5.9KPlatform PaymentsExpedia Travels The Wide World Of Payments
Travel now, pay later? In this month’s PYMNTS Payments Powering Platforms Tracker, powered by WePay, Wilson Wang, director of checkout and payment...
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4.1KRetailRebecca Minkoff Pairs With Alipay
Lifestyle brand Rebecca Minkoff has announced an expanded partnership with Alipay which will allow customers in the U.S. to pay with the payment...
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3.4KInternationalChina FinTechs Turn To Overseas IPOs To Raise Capital
With China tightening its regulations, some of the country’s largest FinTech startups are eyeing initial public offerings (IPOS) overseas. According to a...
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12.7KInternational
Where In The World Is Alipay?
Where in the world is Alipay? At this point, pretty much everywhere Chinese tourists might want to go, with most of Europe...
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4.5KMobile PaymentsAlipay App To Be Accepted In South Africa
Alipay has partnered with Zapper, the fast-growing mobile payment, customer insights and digital marketing platform developed in South Africa, so Chinese tourists...
