Mobile Payment

Hong Kong Based Neat Raises US$11M to Provide Digital Financial Services for SMEs

Neat, a Hong Kong-based fintech company offering modern financial solutions to SMEs and startups, today announced raising an $11 million USD Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast

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Wirecard Enables European Merchants to Integrate with WeChat Minutes

Wirecard, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or

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UnionPay Launches Mobile Wallet in Pakistan Through Huawei Pay

UnionPay International announces today that it has rolled out the mobile payment product of Huawei Pay in Pakistan in partnership with Huawei and the National Bank of Pakistan (NBP), one of the largest commercial banks in Pakistan. The new service

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TransferWise Partners with Alipay for Instant Online International Money Transfers

 TransferWise, today announced a partnership with Alipay, to provide its users with fast, affordable and convenient international money transfers to China. According to World Bank stats, China is projected to be one of the top remittance recipient countries in the

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Alipay Announces Three-Year Plan to Take On WeChat’s Mini Programs

Alipay, a leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China. The plan marks a major

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Ant Financial Invests in Klarna to Introduce Pay Later Solutions to Alibaba’s Ecosystem

Klarna a Sweden-based fintech that provides pay later solutions announced that Ant Financial has taken a minority stake in it. This investment in Klarna by Ant Financial, the payment affiliate of Alibaba Group, supports the further development of their strategic

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China’s UnionPay QR Now Inoperable with Japan’s Universal Payment QR

UnionPay announced that it has become the first international payment brand to be included in Japan’s universal payment QR standard known as JPQR. In 2018, the Japanese government put forward a plan to build a cash-free society. To make it

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Airwallex Partners Visa to Launch its B2B Cards Payment Solution

Visa and Airwallex today announced a global partnership to launch Airwallex borderless Card, a B2B card-based solution to help business pay and be paid securely and conveniently. The new offering will be available initially in Australia, with other markets around

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China Releases Facial Recognition Payment Guidelines Amidst Growing Privacy Concerns

Amid growing adoption of facial recognition payments, the Payment & Clearing Association of China has released self-discipline guidelines aimed at tackling associated risks, reports Chinese media outlet Caixin. The guidelines detail several principles related to user consent and data collection

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PayPal Expands Further into China with UnionPay Partnership

UnionPay International and PayPal, today announced a global partnership where both companies will work together to accelerate the growth of their networks. As part of the agreement, PayPal has committed to supporting UnionPay’s acceptance globally where PayPal is accepted –

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