Mobile payment Archives

Douyin Now Supports Alipay’s QR Code for Payment

ByteDance's short video app Douyin has begun supporting Alipay's collection code, a mobile and online payment platform, to finish payments, though the function is not available for Tencent's super app WeChat just yet.

Alibaba Sells Stake in Indian Digital Payment Platform Paytm

On February 11, data from the Bombay Stock Exchange showed that Alibaba.com Singapore E-Commerce has sold its remaining stake in Indian digital payments firm Paytm for about 13.78 billion rupees ($167.14 million) through a block deal.

WeChat Pay HK Helps with Mainland Cross-Border Payment Services

HKSAR confirms quarantine-free travel between the Mainland of China and Hong Kong on and before January 15. WeChat Pay HK, a mobile payment platform under Tencent, will help users enjoy seamless, safe and convenient cross-border payment services in areas of travel, dining, consumption and entertainment.

Ant’s Alipay Opens Money Transfers to Users of Tencent’s WeChat

Chinese smartphone users have recently discovered a new function within Alipay, Ant Group's payment platform, allowing them to transfer funds to contacts on Tencent's WeChat app. Many netizens said that the function is not as simple as it sounds, and evaluation has been mixed.

Alipay China Changes Legal Representative and Chairman

The legal representative and chairman of Alipay (China) Network Technology Co., Ltd. has changed from Eric Jing, Ant Group’s chairman and CEO, to Ni Xingjun, Ant Group's CTO.

Didi Pay Fined 4.27M Yuan by People’s Bank of China

Information released on July 15 by the Business Administration Department of the People's Bank of China (Beijing) showed that Didi Pay has been formally warned for 12 kinds of illegal acts and fined 4.27 million yuan ($632,349).

Alipay and 28 Banking Institutions Accept Each Other’s Offline Payment Code

Alipay announced on its official WeChat account on Thursday that the company and China UnionPay now recognized each other's collection code across China.

Bilibili Obtains Payment License and Acquires Original Comic Platform Youyaoqi

Bilibili acquired 65.5% equity of Zhejiang Yongyi Electronic Payment Co., Ltd., a licensed payment institution, for about 118 million yuan ($18.5 million).

Number of ATMs in China Now Less Than One Million in Age of Mobile Payment

According to the latest PBoC report on the overall operation of payment systems during the second quarter of 2021, the number of automatic teller machines (ATMs) in the country has fallen below one million.

Huawei Obtains Vital Mobile Payment License Through Acquisition of Sharelink

Huawei gained a mobile payment license after purchasing full control of Sharelink Network Co., a licensed digital payment firm.

Suzhou Digital Currency Trial Closes, Beijing Follows Up E-yuan Pilot

The digital currency trial in the city of Suzhou came to an end on Dec. 27 at midnight, Beijing local time, which lasted for two weeks starting from Dec. 11.

Chinese People’s Assets Management Style Changes as More People Buy Financial Products: Report

More Chinese people are buying financial and investment products and the proportion of adults using electronic payments is increasing, a report showed on Thursday.

Digital Currency Debuts as Part of Salary in Suzhou, Local Report says

Some civil servants have already received part of their salary in the form of digital currency in Suzhou, according to Chinese state-owned media.

What You Need to Know About Chinese Central Government’s Digital Currency

China’s Ministry of Commerce released a statement, stating that the digital yuan pilot program would cover most Chinese cities and regions.

Huawei Starts Beta-testing HMS with GMS Off Limits

Huawei is launching HMS (Huawei Mobile Services) to fend off the negative effects of Google pulling the plug on GMS (Google Mobile Services) for Huawei phones.

PayPal Gains Foothold in China Through GoPay Acquisition

PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.

Ant Financial Invests in Vietnam’s eMonkey

Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.

Alipay Establishes Cross-Border Remittance Partnership with Finablr

On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.

Xpeng Joins Forces with Alipay to Implement In-Car Payment Functions

On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.

WeChat and Alipay Integrate With National Health Insurance in China

WeChat Pay and Alipay have increased their utility for Chinese citizens by integrating with the country’s national healthcare system.

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