alipay

Report: Smartphone usage set to overtake time spent watching TV in China

2018 is the year that smartphone usage eclipses time spent watching TV in China, and it’s all down to the growth of digital video platforms, according to a new report from eMarketer. You’

Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s My

Alipay partners with Yelp to continue its pursuit of Chinese tourist money

Ant Financial, the Alibaba affiliated valued at $60 billion, is continuing to follow Chinese tourists and their wallets overseas after it inked a deal with Yelp in the U.S.. The partnership allows Al

Stripe adds support for Alipay and WeChat Pay, China’s top digital payment services

Payment enabler Stripe just announced two significant tie-ins that could help its pool of merchants make money from consumers in China. U.S. firm Stripe said today that it has agreed to global deals w

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. Bloomberg reports that Alibaba President Jack Ma is considering joining an upcoming

Alipay, China’s top mobile payment service, expands to the U.S.

China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that wi

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines.

China is disrupting global fintech

A confluence of factors puts China at the financial technology (“fintech”) forefront: economic advancement, investor behavior, mobile technology, big data, financial industry liberalization, and r

Circle takes $60M to grow its social payments biz globally, as it steps into China

How do you compete with China's homegrown social payments giants? Veteran entrepreneur Jeremy Allaire, co-founder of US based social payments app Circle, reckons you don't; not like for like in the do

Samsung Pay strikes partnership with Chinese online payment giant Alipay

Samsung announced today that it has cemented a deal that will make Alipay, China’s largest online payments platform, available through Samsung Pay.

Uber’s partnership with Alipay goes global

Uber today expanded its partnership with Alipay, a Chinese payment app owned by Alibaba that boasts 450 million active users. The partnership will allow Chinese travelers to pay their Uber fares using

Social payments startup Circle rolls into Europe

It may have started as a Bitcoin wallet but veteran entrepreneur Jeremy Allaire's fintech startup Circle has since shifted focus to social payments, launching an app in Q4 last year that lets users se

Alibaba’s Ant Financial raising new funding at $60B valuation ahead of IPO

Ant Financial, the Alibaba affiliate that manages hugely popular payments service Alipay, is raising a new round of financing that could value the company as high as $60 billion ahead of a much-specul

Uber Takes Its Alipay Partnership Global To Tap Into Chinese Travelers

Uber is hoping to squeeze more money from users in China after it announced a tie-in with Alibaba's Alipay that will enable Uber China customers to pay their bill using the payments service when they

Data From Alibaba’s E-Commerce Sites Is Now Powering A Credit-Scoring Service

Alibaba Group affiliate Ant Financial Services has unveiled a new credit-scoring system that uses data from the e-commerce giant’s sites to gauge users’ creditworthiness. Dubbed Sesame Credit, the

Alibaba’s Alipay Now Sees Over Half Of Its Transactions In China From Mobile Devices

China is in the midst of a mobile commerce boom, according to a new report from Alipay, the Alibaba-affiliated payments service in China that handles more than 80 million transactions per day.

Alibaba’s Payment Services Affiliate Alipay Opens An Office In Australia

Earlier today, Ant Financial, the Alibaba Group affiliate that operates Alipay, China’s largest online payment platform, said that it had taken a minority stake in mobile security technology startup

Alibaba’s Ant Financial Takes Minority Stake In Security Software Maker V-Key To Beef Up Alipay

V-Key, a security software maker for mobile apps, has raised $12 million from Alibaba Group affiliate Ant Financial Services and IPV Capital, a venture capital firm based in China. The Series B round
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