Mobile Payment
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
Read More
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
Read More
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
Read More
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
Read More
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 –
Read More
South East Asia Ranked Most Popular for Mobile Payments for Chinese Tourist
Nielsen and Alipay have jointly released a new report on the latest trends in Chinese outbound tourism and the consumption habits of Chinese travelers for the third consecutive year. Surveying 4,837 Chinese travelers and 547 overseas merchants, the report finds
Read More
An Overview of Digital Wallets in Hong Kong in 2020
Hong Kong has been pushing for greater development and adoption of digital and mobile payments with the Hong Kong Monetary Authority (HKMA) beginning issuing stored value facilities (SVF) licenses in 2016 and virtual banking licenses in March 2019. Over the
Read More
Taiwan to Launch Contactless Payment on Airport Metro Line
Taoyuan Metro company will launch contactless payment via bank cards on January 16, 2020 to serve passengers travelling to and from the capital city of Taipei and Taoyuan International Airport. The tap-and-go service will open to holders of VISA, Mastercard,
Read More
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
Read More
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
Read More