Though state-backed China UnionPay currently dominates China’s payment market, Ant Financial Services President Eric Jing says Alipay (and consumers embracing mobile payments) is diverting billions in fees away from UnionPay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Chinese consumers loves their mobile phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Huawei Technologies, the Chinese handset giant, has been taking steps to push its mobile payment service even further into that country, which means that the field is getting a bit more crowded for Apple Pay — right where the largest smartphone market in the world resides,...
Visa has struck a new deal with China UnionPay through a memorandum of understanding to collaborate on three key areas in the financial ecosystem: payments security, innovation and financial inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
January 23, 2020
This week, global luxury brands have seen their stock prices take a sharp hit as reports emerge that a coronavirus with origins in China’s Wuhan region is spreading rapidly and has made its first appearance on U.S. shores. Burberry, LVMH, Richemont and Gucci owner Kering had all seen their shares fall by between 1.9 percent and […]
August 01, 2016
Though state-backed China UnionPay currently dominates China’s payment market, Ant Financial Services President Eric Jing says Alipay (and consumers embracing mobile payments) is diverting billions in fees away from UnionPay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. […]
March 23, 2016
Huawei Technologies, the Chinese handset giant, has been taking steps to push its mobile payment service even further into that country, which means that the field is getting a bit...
November 26, 2014
China UnionPay, the country’s only payment card provider, is working on an Android payment app to join the Apple Pay implementation that UnionPay is expected to launch in early 2015,...
