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Alipay, the mobile payment app owned by billionaire Jack Ma, is stepping up its competition with WeChat to get more of its 900 million users to tap expanded services in everything from real estate purchases to restaurant and cinema bookings.
March 10 -
The global efforts to contain the coronavirus outbreak are leading to drastic actions that test the limits of what consumers will accept when governments and other entities use their payment data.
March 4 -
The financial services affiliate of Alibaba Group Holding Ltd has agreed to buy a minority stake in Klarna, and will expand its international partnership with the Swedish payments firm.
March 4 -
Alipay and WorldRemit will enable consumers to send remittances to the Alipay app to support broader use for payments and other financial services.
January 24 -
Ant Financial, the online finance giant that operates Alipay, said veteran Simon Hu, 49, would become CEO. He will take over the role from Eric Jing, 47, who will remain executive chairman.
December 20 -
Worldline and CashSentinel will work on services that will fit requirements for traditional online marketplaces for physical products, franchise systems, self-checkout solutions and smart city apps.
December 17 -
Fresh off a public offering and shopping boost, Alibaba Group has entered into an agreement with Commercial Bank of China (ICBC) to build digital finance services in areas such as cross-border finance and electronic payment settlement.
December 16 -
Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.
November 26 -
Alibaba’s gigantic stock debut in Hong Kong gives it extra fuel to become a global payments empire.
November 21 -
For decades card networks and issuers outside of China have tried to enter the giant Chinese consumer payments markets, but mostly have run into walls because of shifting regulations.
November 14