Ant Group

Ant Financial’s Alipay is deploying blockchain technology to power a cross-border remittance service for Pakistan’s Telenor Microfinance Bank and Valyou of Malaysia.

China's Ant Financial, the Alibaba payments affiliate that operates Alipay, is reportedly in the advanced stages of talks to buy WorldFirst, an international payments provider based in London.

Alipay is upgrading its facial recognition technology to make it more accessible to users and to make it harder for crooks to game the system

Vipps International, a Norway-based payments service operated by a coalition of more than 100 Norwegian banks, is the latest to collaborate with China’s Alipay mobile wallet in a partnership to capture more payments from Chinese tourists.

Chinese payment companies have successfully lured merchants outside of China by enabling payments for Chinese tourists, a use case Tencent hopes will work in Japan, where rival Alipay lurks.

Ant Financial’s push to expand global acceptance of its Alipay mobile wallet to wherever Chinese tourists go continues in Australia through Tyro, a fintech payments operation that obtained a banking license in 2015.

Despite the fervor over mobile wallets and banking, one day consumers may never need to open a dedicated bank or payment app.

Chinese tourists visiting the U.S. and Canada will be able to use Alipay at HMSHost-operated restaurants in most major airports.

Ant Financial, Alibaba’s finance affiliate controlled by billionaire Jack Ma, agreed to buy a stake in the Brazilian payments firm StoneCo Ltd after the company prices its initial public offering, joining Warren Buffett in investing in Brazil’s booming financial-technology startup landscape.

China’s Golden Week started on Monday and with it, global cities and merchants are boldly promoting Alipay in an effort to capture Chinese tourist dollars. At the same time, merchants are building out a competitive acceptance network that could someday rival the major payment card networks.

Entry of Alipay and WeChat Pay into the U.S. market will spur banks to innovate, according to Sarabjit "Ruby" Walia, executive vice president and head of digital retail banking and wealth management at HSBC

Fresh off the heels of having recently raised capital of more than $12 billion in its latest funding round before a potentially lucrative IPO, Ant Financial Group, the operator of Alipay, is rapidly expanding its acceptance network outside of China.

Deutsche's investment in Modo Payments is a bet that banks need to spend money on technology that connects to popular non-bank payment apps.

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

In the months since President Trump’s America First policies forced China's Ant Financial to abandon a proposed deal to buy Dallas-based MoneyGram, the U.S. company has forged other key partnerships to build a global digital remittance network.

The former SoFi CEO raises funds for his new venture despite recent admissions about dating employees; female employee says Mel Watt harassed her.

Alipay is deepening its reach to Chinese consumers in the U.S. through a partnership with 99 Ranch Market, a 50-store chain of supermarkets specializing in Asian products and food.

Paytm, one of India’s most widely used mobile wallets, has added TV and games in an effort to keep users' eyes on its app as long as possible.

Billionaire Jack Ma’s Ant Financial is lifting its fundraising target to more than $12 billion by bringing in existing Chinese shareholders in a yuan-denominated financing round, people familiar with the matter said.

Businesses are already entering partnerships with some of the biggest players in the Chinese payments market, such as AliPay, and WeChat Pay, with the goal of offering tourists the ease of payments that they are accustomed to, writes Igal Rotem, CEO of Credorax.