Tag "Alipay"

How China’s Fintech Giants are Tapping into a US$ 600 Billion Market

China’s tech giants Alibaba and Tencent are going after global remittances, a market that sees more than US$600 billion being moved around the world annually, according to the World Bank. The two firms recently launched cross-border money transfer services to

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MTR Users Will Soon Be Able to Pay Using TNG, UnionPay and WeChat Pay

Consumers will soon have more payments option for their MTR rides beyond just Octopus cards. Fresh out of their earlier announcement to enable Alipay by 2020, MTR awarded contracts to 3 more players, namely TNG Wallet, Union Pay and WeChat

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IFC and Alipay Announce 10×1000 Tech for Emerging Market Inclusion Programme

International Financial Corporation, a member of the World Bank Group, and Ant Financial,  the operator of Alipay, jointly announced the 10×1000 Tech for Inclusion programme at the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group.

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Is Hong Kong Ready to Go Cashless?

Seeing the popularity of WeChat Pay and Alipay in China, it is easy for some to assume that these mobile payment apps are equally popular in Hong Kong. Unlike China, Hong Kong is still largely a very cash dominant society.

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First Australian Bank To Integrate With Alipay

Tyro, Australia’s business-only bank announced it had entered an agreement with the world’s largest mobile and online payment platform, Alipay, to become the first Australian bank to offer a seamless, all-in-one EFTPOS solution with Alipay for Tyro’s merchants and improve

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Alipay Launches World’s First Paperless Tax Refund Service in South Korea

Alipay operated by Ant Financial Services Group, announced that it has partnered with Global Tax Free (“GTF”), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea. Alipay has consistently been at the

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Hong Kong Fintech Week 2017 – Day 4 Highlights

The umbrella technology artificial intelligence (AI) was the overarching theme on Thursday, Day 4 of Hong Kong Fintech Week organised by Invest Hong Kong (InvestHK), which combined keynotes from Ant Financial, Dianrong, Sentient Technologies and PwC with panel discussions and even an AI masterclass. It

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Overseas In-Store Payments On Alipay Increased 700% Yoy During Golden Week 2017

Golden Week 2017: Alipay stats   This Golden Week, Alipay users conducted eight times as many in-store transactions overseas as they did last year. Asia dominated the list of top-ten destinations in terms of transaction volume. Hong Kong topped the list, followed by Thailand, Taiwan, Japan,

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China’s Tech Innovation Catches up to the US

KPMG’s 2017 study on global technology innovation hubs found that China is quickly catching up to the US in terms of its potential for disruptive breakthroughs. In a survey conducted by KPMG among global tech innovation leaders, 23 percent of

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Globe, Alipay, and the Chinese Tourist Trap

One week ago, Globe Telecommunications announced a new capital infusion from Jack Ma’s Ant Financial and Ayala Corporation into its Globe Fintech Innovations subsidiary (officially, Mynt). Mynt launched in late 2015 as a sort of revamped and consolidated version of GCash and its

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