Credit card, Money, Payment, Hong Kong, Receipt, China

As Trump Squeezes China, Alipay’s Star Rises

On Sep 21, 2020
@Chris_Skinner shared
More than 711 million people and 80 million merchants use the Alipay app each month, generating RMB118 trillion ($17.4 trillion) in payments over the 12 months ending June 30. Alipay has helped make cash almost obsolete https://t.co/pKULNYmIdk
Open

Chinese consumers tap the fintech app to pay bills, order in restaurants, and book appointments. Now it’s preparing for an IPO that could value it at $200 billion.

www.wired.com
On Sep 21, 2020
@Chris_Skinner shared
More than 711 million people and 80 million merchants use the Alipay app each month, generating RMB118 trillion ($17.4 trillion) in payments over the 12 months ending June 30. Alipay has helped make cash almost obsolete https://t.co/pKULNYmIdk
Open

As Trump Squeezes China, Alipay’s Star Rises

As Trump Squeezes China, Alipay’s Star Rises

Chinese consumers tap the fintech app to pay bills, order in restaurants, and book appointments. Now it’s preparing for an IPO that could value it at $200 billion.

No cash, no cards: paying by phone rules in China’s cultural revolution

No cash, no cards: paying by phone rules in China’s cultural revolution

Farmers from out of town arrive at the fruit and veg market in Henan Province, China, pulling in their wares on a donkey cart. Around the animals’ necks hang QR codes, which shoppers scan ...

Alipay and six mobile wallets launch joint service in Europe

Alipay and six mobile wallets launch joint service in Europe

Alipay and rival WeChat Pay have in recent years been competing for a bigger share of the lucrative growth in Chinese outbound tourism.

Alibaba’s $11 billion IPO makes Alipay the Stripe of Asia

Alibaba’s $11 billion IPO makes Alipay the Stripe of Asia

Alibaba’s gigantic stock debut in Hong Kong gives it extra fuel to become a global payments empire.

6 Popular P2P Payment Apps in Asia-Pacific

6 Popular P2P Payment Apps in Asia-Pacific

Penser profiles six mobile wallets across the APAC offering peer to peer payments, money transfers, remittances, and more.

Breakingviews - China's Ant can gobble up $200 bln valuation

Breakingviews - China's Ant can gobble up $200 bln valuation

(Reuters Breakingviews) - China's Ant can gobble up a $200 billion valuation. The Alibaba-backed, financial technology firm on Tuesday filed for a dual Hong Kong-Shanghai listing, in what ...

How to set up and use an Alipay account as a tourist in China

How to set up and use an Alipay account as a tourist in China

Here is a step-by-step guide on how to set up an Alipay TourPass account, and how to use it in China.

China’s Digital Currency To Be Given A Test Drive By U.S. Companies

China’s Digital Currency To Be Given A Test Drive By U.S. Companies

Starbucks, McDonald's and Subway in one part of Beijing reportedly part of a digital yuan rollout.

Millions of Chinese tourists are spurring the growth of mobile pay overseas

Millions of Chinese tourists are spurring the growth of mobile pay overseas

In just a few years, mobile pay has become so ingrained in the lives of Chinese people that they are driving stores in overseas tourist destinations to adopt the technology.

Hangzhou: Inside one of the world’s leading cashless cities

Hangzhou: Inside one of the world’s leading cashless cities

You can easily pay for cab fare, make purchases at street fruit stands, in restaurants or convenience stores without using cash. It is these that the customers scan using their mobile ...

Indonesia’s is WeChat Pay and Alipay’s Next Battleground

Indonesia’s is WeChat Pay and Alipay’s Next Battleground

Bank of Indonesia (BI) has officially granted China’s mobile payments platform WeChat Pay a license to operate in the country. Meanwhile, Alipay's Indonesia launch is being delayed by red ...

TechFin 2.0: How American Tech Giants Are Applying the TechFin Playbook to India

TechFin 2.0: How American Tech Giants Are Applying the TechFin Playbook to India

The current FinTech landscape in India is probably the most exciting ecosystem in the world. India boasts of over 2,200+ FinTech startups, with nearly 400 startups in the Payments space and ...

An introduction to mobile commerce in China

An introduction to mobile commerce in China

The Chinese e-commerce market is one of the most important in the world and represents a lucrative opportunity for digital expansion. However, the nuances of this market are important to ...

The world's most valuable unicorn is a little-known Chinese payment company

The world's most valuable unicorn is a little-known Chinese payment company

Ant Financial is rumored to be closing a $10 billion funding round that would value the Chinese payments firm at an eye-popping $150 billion.

iOS 14 AliPay support will open up Apple Pay to over a billion users

iOS 14 AliPay support will open up Apple Pay to over a billion users

Apple's iOS 14 operating system will bring support to AliPay, opening up mobile payments to potentially more than a billion customers.