Alibaba may have raised its IPO share price range to as much as $68 due to investor demand, but it’s much harder to calculate how much the Chinese e-commerce giant’s payment affiliate, Alipay, is worth, according to the Wall Street Journal. Get the Full Story...
U.S., European and Asian merchants wanting access to Chinese consumers and businesses now may enable customers in that country to pay using Alipay under a partnership payment-technology provider Zooz announced today with China’s popular online-payment service. Get the Full Story Complete the form to unlock...
China’s central bank has punished four payment processors for mishandling bank-card transactions. The processors — ChinaPNR, Fuiou, Yeepay and VBill — will stop doing business in up to 15 provinces by the end of this year until they convince the People’s Bank of China (PBOC)...
Investors hoping to snatch up stock in Alibaba for a bargain price between $60 and $66 won’t be getting their wish when the Chinese e-commerce giant goes public later this week. In a filing with the SEC yesterday (September 15) Alibaba raised the price range...
When first unveiled under the name project Oscar, Weve was a collaboration between British telecoms EE, Telefonica and Vodafone to grab a piece of the set-to-ignite-any-minute mobile market in 2012. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Incumbents such as Western Union and MoneyGram do it. Traditional players do it. So, still, do some banks. And Telcos do too in some markets. The “it” is enable people to move money to each other in and between countries. Hugo Cuevas-Mohr shares insights gleaned...
As more data emerges about e-commerce giant Alibaba in the run-up to its IPO Thursday (September 18), it is becoming increasingly clear the size and scope of the company’s reach Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
With soaring mobile purchases in China as a backdrop, American Express and China Mobile (China’s largest telecom) to jointly support an NFC mobile payment system Hebao, which had previously been known simply as Phone Wallet. According to a report in Want China Times, the service...
The relative dominance of the QR code in the Chinese mobile payments market may be coming to an end, are at least facing its first serious challenger, as a new player rolls into town—Apple Pay. Get the Full Story Complete the form to unlock this...
