Ant Group

Alipay has worked with First Data, Verifone, Ingenico and others to connect with merchants in North America, but more as a service for Chinese travelers than a direct competitor to existing payment providers.

The preparations underscore the trouble Chinese buyers face in persuading the panel that investigates foreign acquisitions to greenlight takeovers.

Chinese tourists visiting Malaysia can now use their Alipay mobile wallet at all 242 Starbucks locations in the country.

China's Alipay already has broad global reach—its mobile wallet is accepted at more than 100,000 retail locations in 70 international markets—but in North America it’s just getting started.

Alipay and WeChat Pay have become important drivers in the Chinese economy, putting the central bank in a position to force all third-party payment firms to connect to the new clearinghouse.

MoneyGram’s total revenue declined slightly during the second quarter to $410 million, resulting in flat growth compared to the previous quarter based on constant currency.

Germany-based Payworks is the latest to partner with Ant Financial’s Alipay as it works to expand the base of merchants capable of accepting the popular Chinese online and mobile payments app in Europe.

Ant Financial’s Alipay has formed a partnership with a large Malaysian bank, enabling the bank to advance its own mobile payments services using Alipay’s platform.

On the discussion table: Alipay, Jack Ma, blockchain, AI, building a true digital system, payments, financial inclusion.

Since e-commerce merchants often operate without walls, it makes little sense to operate with borders.