Tag "Alipay"

Soon You Might Not Need An Internet Connection to Make Payments Using WeChat

In July, Tencent’s super-app WeChat ran a trial that enabled passengers of two Spring Airlines flights between Shanghai and Chengdu to make offline payments while flying, reports Abacus. Passengers could sign up for the trial service, called WeChat on the

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Apple Pay Emerges as Preferred Mobile Wallet in Hong Kong: Study

Apple Pay have emerged as the most popular mobile wallet in Hong Kong with about 29% of residents saying it was their main mobile wallet, according to the 2018 Hong Kong Retail Banking Satisfaction Study by JD Power, a global

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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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