Australian merchants using Quest Payment Systems payment terminals can integrate support for Alipay mobile payments following a software update... More
Alipay
Alipay expands across Europe after deals with major banks and payment providers
Another 930,000 European merchants will soon accept Alipay mobile payments at the point of sale, following partnerships between the company and some of Europe’s largest financial institutions and payment service providers... 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
PBOC working to regulate QR code mobile payments in China
People’s Bank of China (PBOC) is working to create a system for regulating QR code mobile payments in the country, after it suspended QR code-based services run by third-party payment providers in March 2014... 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
Worldline to support Alipay in Germany
Payment processor Worldline is adding support for Alipay mobile payments in Germany... 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
China sees rapid growth in proximity mobile payments
The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research released by eMarketer... 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
Samsung Pay expected to enable support for Alipay
Samsung and Chinese internet giant Alibaba are to announce a collaboration on mobile payment systems this week, according to Yonhap News Agency... 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
Alipay to expand to Europe this summer
Chinese mobile payments platform Alipay, which has 450 million active users, is to be made available in Europe this summer, enabling Chinese shoppers to make payments in stores, receive offers and view nearby shops and restaurants that accept the mobile payments 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
Global mobile payment market to hit $620bn in 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019. 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
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
McDonald’s to accept Alipay in more than 2,100 restaurants in China
Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants... More
Marriott Hotels to accept Alipay
Visitors to hotel chain Marriott International will soon be able to pay for their hotel stays, food and drink purchases as well as for meeting and event bookings using Ant Financial’s Alipay QR-code mobile payment platform... More