Post Tagged with: "Alipay"

Apple Sees ‘Record’ Growth in China; But Is Still in Ant’s Shadow

Apple Sees ‘Record’ Growth in China; But Is Still in Ant’s Shadow

by February 1, 2017 at 12:45 pm 1 comment

Apple’s plans for China seem to be going—well, going. During the company’s Q1 2017 earnings call yesterday, CEO Tim Cook reported record revenue for the quarter at about $78.4 billion. $7.2 billion of that was generated by revenue from Apple services—including digital content and services, AppleCare, and Apple Pay, whichRead More

In MoneyGram, Ant Buys Into Old Payments

In MoneyGram, Ant Buys Into Old Payments

by January 26, 2017 at 2:59 pm 2 comments

Is Ant Financial hitching its global expansion to an antiquated payments wagon that is being undermined by a wide range of remittance startups? That appears to be case for Ant’s proposed $880 million acquisition of 72-year-old MoneyGram, which was announced today. Ant Financial is the financial service spin-off from Chinese e-commerce giantRead More

Finnair First Airline to Offer Onboard Alipay

Finnair First Airline to Offer Onboard Alipay

by January 25, 2017 at 2:26 pm 2 comments

Alipay’s domination in the mobile payments world is reaching new heights — 30,000 feet, to be exact. Finnish airline Finnair today announced its decision to offer mobile payment service Alipay on flights between Helsinki and Shanghai. Alipay is one of the most popular digital payment methods in its home country of China,Read More

China Is No. 1 in Fintech Funding, Citi Says

China Is No. 1 in Fintech Funding, Citi Says

by January 24, 2017 at 2:55 pm 1 comment

Here there be dragons, and they’ve started to rule over unicorns—well, in matters of funding, anyway. According to a new report released by Citigroup on digital disruption, the second of its kind, China has now overtaken the U.S. to claim the No. 1 spot for investments in fintech on a global scale.Read More

Mobile Wallet Use to Grow Thanks to Popularity of Mobile Shopping, Says Study

Mobile Wallet Use to Grow Thanks to Popularity of Mobile Shopping, Says Study

by December 23, 2016 at 9:59 am 2 comments

Mobile wallets are set to become more popular bit by bit across the globe over the next four years, according to a study by Technavio, which cites the much more rapid growth of “m-commerce,” or mobile shopping, as one of the primary factors that will bring consumers to mobile wallets.Read More

China is the Global Center for Fintech Innovation, says Report

China is the Global Center for Fintech Innovation, says Report

by December 7, 2016 at 11:00 am 0 comments

China has outstripped fintech hubs like London, New York, and Silicon Valley, and is now the global leader in financial innovation, according to a new report released by financial service firm EY and DBS Insights. According to the Rise of Fintech In China report, China has experienced an explosive growth periodRead More

Will Stripe’s New Funding Lead to an IPO?

Will Stripe’s New Funding Lead to an IPO?

by November 28, 2016 at 3:40 pm 1 comment

Digital payments startup Stripe, begun back in 2000 by a pair of Irish brothers, has just raised new funding that values the company at just over $9 billion—and incidentally makes its founders the youngest billionaires in Ireland. In all, $150 million in new capital was raised. This brings the company’sRead More

Alipay on Track for $16 Billion+ in Transactions on #SinglesDay

Alipay on Track for $16 Billion+ in Transactions on #SinglesDay

by November 11, 2016 at 10:58 am 1 comment

During the first two hours of the annual 11/11 Global Shopping Festival, or Single’s Day as it is more commonly known, the Alibaba Group generated just about $7 billion USD of GMV within the first two hours of the holiday. Alipay transactions accounted for 84% of that total amount. Alipay isRead More

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

by September 14, 2016 at 11:18 am 0 comments

Financial technology may be evolving at a rapid pace, but well, so is financial crime — meaning that the security of online and mobile payments is a constantly developing area and nowhere more so than biometrics. This is obviously of interest to financial institutions across the globe, like the companyRead More

Ant Financial to Sign Up a Third of the World

Ant Financial to Sign Up a Third of the World

by June 14, 2016 at 11:53 am 0 comments

Aim big, they say. Ant Financial did just that. The Alibaba affiliate that operates the digital payments platform Alipay, Ant Financial  said this week it will sign up 2 billion users in 10 years for the pipeline of its fintech businesses. Those include digital payments, wealth management, financing, insurance, andRead More