Mobile Payment
Tourist in China Can Finally Use Alipay, Here’s How
China’s leading mobile payments platform Alipay announced that its services are now finally available to international travelers in China. Tourists visiting China will now be able to download and use the app during the trip giving them access to Alipay’s
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UnionPay Accounts for 45% of Payment Cards Globally
New research from RBR shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. RBR’s Global Payment Cards Data and Forecasts to 2024 research indicates that financial inclusion
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PayPal Becomes First Foreign Payments Firm to Enter China Through Acquisition of GoPay
American online money transfer firm PayPal recently secured approval from the People’s Bank of China to purchase a stake in local payments firm GoPay. Paypal acquired 70% GoPay for an undisclosed sum and the transaction is expected to be closed
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UnionPay Bets on Wirecard to Support Global Expansion
UnionPay, the world largest card scheme formed a partnership with Wirecard a global player in the payments space. This agreement will see Wirecard supporting UnionPay’s ongoing international expansion and Wirecard’s growth in China. With over 7.59 billion cards issued under
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Tencent’s WeChat Pushes for Mainstream Adoption of Facial Recognition Payment
China has been quick to embrace facial recognition, a technology that’s already being used for making payments at numerous shops, supermarkets and restaurants. The latest development in the field comes from China’s Internet giant Tencent, which showcased last month, at
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New IMF Paper Explores the Rise of Digital Money
As digital money grows in popularity, banks and credit card companies are facing increased competition from technology companies which are coming up with new ways to transact that are easier, more convenient and cheaper. Cash and bank deposits are battling
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LINE Pay Begins Integrating WeChat Pay
LINE Pay Corporation, operator of the LINE Pay mobile money transfer and payment service available on the LINE messaging app, announced recently that its merchants have been integrating WeChat Pay since early August. Once system integration is complete, WeChat Pay
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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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Mobile Money Transfers to Exceed 200 Billion Transactions in 2024
New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic
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At Long Last, iPhone Users Will Soon be Able to Use Their Phones Instead of The Octopus Card
Octopus cards will soon be usable virtually via an iPhone, according to the city’s e-payments giant. With the iPhone’s Apple Pay, Octopus users would be able to use their phones to pay for travel, or other purchases, or even their
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