Alipay parent company Ant Financial is to invest US$200m in South Korean mobile finance platform Kakao Pay to “expand its online and offline payment coverage”... More
Ant Financial
Ant Financial to buy MoneyGram for US$880m
Alipay parent company Ant Financial has entered into a “definitive agreement” to acquire money transfer services provider MoneyGram for about US$880m... More
Ant Financial eyes up blockchain for Alipay
Alibaba’s payment affiliate Ant Financial is “definitely” looking into using blockchain to underpin its mobile payments platform Alipay, CEO Eric Jing has told CNBC, adding that artificial intelligence and blockchain will be “deeply” integrated into Ant Financial’s operations... More
More than 1bn Alipay payments made on Singles’ Day
More than one billion online and offline transactions were made through Alipay at this year’s Singles’ Day Shopping Gala, an increase of 48% from 2015, with the peak number of transactions standing at 120,000 in a single second... More
Ant Financial invests in Ascend Money
Alipay parent company Ant Financial is investing an undisclosed sum into Thai online payment provider Ascend Money... More
Alipay gains acceptance in US and Europe
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone... More
Ant Financial readying VR payments
Alibaba affiliate and Alipay parent company Ant Financial is readying a virtual reality (VR) payment experience that will allow shoppers to pay with a nod of the head... More
Ant Financial acquires EyeVerify
Alipay parent company Ant Financial has acquired biometric provider EyeVerify... More
IHG to accept Alipay in hotels worldwide
Chinese tourists visiting hotels belonging to InterContinental Hotels Group (IHG) will be able to settle their bill using Alipay in locations across the globe from 2017... More
Alibaba unveils connected car with Alipay mobile payments
Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform. More
Alipay parent company seeks expansion overseas
Alipay parent company Ant Financial is seeking to buy a 20% stake in Thai online payment provider Ascend Money and to increase its stake to 30% at a later date... More
Ant Financial takes Alipay to Germany with Concardis
Chinese tourists will soon be able to make payments at 210,000 store locations in Germany serviced by payment provider Concardis using Ant Financial’s Alipay mobile payment platform. The move marks the service’s launch into Europe after the company unveiled its expansion plans at Money20/20 Europe in April 2016. More
Alipay users in China can now make payments through Samsung Pay
Alipay users across China will now be able to make in store payments by scanning QR codes through the mobile payment platform using Samsung Pay, as a result of a partnership between Samsung and Alipay parent company Ant Financial... More
Orix to push Alipay in Japan
Financial services provider Orix is to promote Ant Financial’s Alipay mobile payment platform in Japan and encourage more stores to accept the service... More
Ant Financial seeks US$3bn in funding
Alipay parent Ant Financial is planning to raise up to 20bn yuan (US$3.1bn) in its current funding round at a valuation of more than $50bn, according to The Wall Street Journal... More
Uber China adds cross-border Alipay support
Chinese consumers using taxi hailing app Uber will soon be able to pay for their journeys using Ant Financial’s mobile payment platform Alipay when travelling abroad... More
Alipay parent seeks $1.5bn investment
Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports... More
India’s Paytm moves into banking
Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year... More
Alibaba and Ant Financial make “strategic investment” in India’s Paytm
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications... More
China’s FiiSmart to develop smartwatch that supports Alipay
Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments by generating a QR-code that can then be scanned at the point-of-sale... More