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Global Payments Links With Alipay; Grab And Fave Partner To Boost Growth

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Global Payments’ tie-up with Alipay to serve...

1.7K

Marks & Spencer Rolls Out ‘Mobile, Pay, Go’; CIMB Teams With GHL Systems For QR Terminals

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Marks & Spencer’s roll out of its...

1.3K

Payments Innovation

Faster Payments Go Live In Hong Kong

Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or...

2.5K

NEW REPORT: The Payments Innovation Guide To Going Global

Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation...

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Sizzle/Fizzle

AR And VR Sizzle At Macy’s And Walmart, Amazon And Danske Bank Fizzle

Sizzle Of The Week: AR/VR’s Retail Gains Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as...

1.9K

B2B Payments

Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster...

4.6K

Alipay Has 700M Active Users

Eric Jing, Ant Financial’s executive chairman and CEO, revealed that Alipay now has over 700 million annual active users — an increase...

B2B Payments

China, Alibaba Are Big Players On The Blockchain Patent Block

Patents can be the springboard to competitive advantage. In the blockchain space, China (and Alibaba) dominate new patent filings. Crypto crackdown aside,...

2.0K

Investments

Nigeria’s Mobile Wallet Paga Snags $10M, Expands Cross-Border

Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at...

3.1K

Alipay To Collaborate With More Japanese Merchants

Alipay, the mobile and online payment platform operated by Ant Financial Services, announced on Wednesday (Sept. 5) that it will collaborate with...

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MPOS Tracker

In-Store Contactless Payments Volume To Reach $2T In 2020

Americans didn’t exactly rush to adopt contactless payments from the get-go. But, if worldwide trends are anything to go by, that could...

Alipay In-Store Overseas Transactions Beat Summer 2017 By Factor Of 2.6

Alipay has revealed that it had a pretty good summer, with consumer spending surging over the last two months. “China is just...

2.0K

Salary Finance Notches $20M In Series B; Tyro Teams Up With Alipay In Australia

Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.K.-based Glint teaming up with partners for a U.S....

3.2K

Startup Check-In

How Banks Can Connect To Emerging Payment Methods

Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of...

688

Alibaba Short SMBs Needed To Launch Mexican Site

About a year after the government of Mexico signed a deal with Alibaba to help businesses sell goods online, an official with...

2.8K

Mobile

Alipay Launches Digital VAT Refunds To Save Chinese Travelers Millions

Mobile wallets, arguably built to solve problems that few consumers had, are again taking on a common hassle faced by travelers who...

3.4K

Alipay Now Ubiquitous At Mall Of America

To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border...

1.8K

Bambora Teams Up With Payworks, The Bank Of East Asia Unveils Payment Hub

Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s partnership with Safaricom for money transfers...

2.4K

Payment Methods

How Merchant Link Thinks Hotels Can Maximize QR Code Growth

Alternative payments methods, such as contactless and QR codes, have been growing globally in popularity for the last half-decade or so. However,...

2.3K

China’s Central Bank Fines Alipay

Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank...

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Delivery

Starbucks-Alibaba Deal Does Coffee Runs In Reverse

Talk about interesting delivery mashups: Starbucks and Alibaba partner to enable the delivery of Starbucks products to Chinese consumers as part of...

1.8K

Retail

GUESS Brings Alipay Into US Stores

To attract Chinese travelers visiting the U.S., GUESS?, Inc. has partnered with Alipay to bring the payment option into select brick-and-mortar stores...

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Payment Methods

New 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...

2.1K

Cross Border Commerce

Flywire 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...

Partnerships / Acquisitions

Markets

As 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...

2.7K

Fintech Investments

Ant 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...

2.1K

Ant 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)....

2.3K

Investments

$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...

2.6K

Veea 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...

3.4K

Mobile

Inside 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...

4.3K

Sizzle/Fizzle

Robots 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....

4.3K

News

Five 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...

3.2K

Payment Methods

Chinese 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,...

4.7K

Startup Check-In

How 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...

3.8K

Fintech Investments

Baidu’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...

1.1K

Cryptocurrency

Ant 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...

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...

2.3K

Today In Data

Capturing 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...

4.5K

Latin America

Alipay 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...

4.8K

Mobile Commerce

Building 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...

4.5K