China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay, two of the county’s biggest online payment and money transfer platforms, Reuters reported. The People’s Bank of China, the nation’s central bank that regulates financial institutions, has alleged the digital payment companies have...
A small lapse in judgment can cost consumers big when transacting via payment apps, but having users jump through security hoops creates a clunky customer experience. In this month’s AML/KYC Tracker, Victoria Liu Edison, Ant Financial’s chief compliance officer for the Americas, explains how pairing...
A joint venture for an advisory partnership between Vanguard and Ant Financial in China has hooked 200,000 clients in in its first 100 days, Financial Times (FT) reported. Vanguard, based in Pennsylvania, has over 30 million clients globally and plans to work with Ant Financial’s...
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into the cash flow gaps of small and medium-sized businesses (SMBs), transit payments...
March 04, 2020
In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Ant Financial Acquires Minority Stake In Klarna China’s Ant Financial has acquired a minority stake — less […]
October 29, 2018
Pintec Technology Holdings Limited may not be a household name in the U.S., but it ended last week with a some very strong results on the American stock exchange. The...
May 28, 2018
It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain...
January 05, 2018
A pretty good songster named Paul McCartney sang once that “in the end, the love you take is equal to the love you make.” To shift that a bit for...
December 27, 2020
Financial regulators in China are moving to curb the influence of Jack Ma‘s Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People’s Bank of China criticized Ant on Sunday (Dec. 27) for […]
July 31, 2020
China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay, two of the county’s biggest online payment and money transfer platforms, Reuters reported. The People’s Bank of China,...
July 19, 2020
A joint venture for an advisory partnership between Vanguard and Ant Financial in China has hooked 200,000 clients in in its first 100 days, Financial Times (FT) reported. Vanguard, based...
July 08, 2020
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. If the IPO moves ahead,...
