Post Tagged with: "ant financial"

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

Is Fintech in China Red Hot or Cooling?

Is Fintech in China Red Hot or Cooling?

by July 29, 2016 at 11:31 am 0 comments

It would seem that numbers are making Shanghai the new world capital of fintech. One number is 1.3 billion, which is the population of China. Another number is $2.4 billion, which is the amount of funding that poured into China’s fintech sector in the first quarter. But a closer look reveals some cracks in the facade.Read 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

Uber Deal Bolsters Alipay as ‘Global Lifestyle Super App’

Uber Deal Bolsters Alipay as ‘Global Lifestyle Super App’

by May 3, 2016 at 10:51 am 1 comment

Uber’s deal with Alipay is more than just a win for riders of black cars. The deal moves Alipay further toward its goal of becoming a “global lifestyle super app” — Alipay’s words, not ours. Ant Financial, which operates Alipay, recently raised $4.5 billion in what is being called the largestRead More

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

by March 9, 2016 at 2:13 pm 0 comments

Asian fintech deal sizes dwarfed U.S. deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. But yesterday’s AntRead More

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

by March 8, 2016 at 12:57 pm 0 comments

The name might indicate something small, but Ant Financial is anything but. The spinoff of Alibaba is valued at over $50 billion and plans to raise a heap more, according to the Wall Street Journal. As China’s highest-valued internet finance company, Ant Financial Services Group will raise 20 billion yuan ($3.1 billion) on aRead More

Coolest Brands 2016: AlipayThe Numbers Gamer

Coolest Brands 2016: Alipay

The Numbers Gamer

by February 16, 2016 at 8:45 am 2 comments

PayPal is to eBay as Alipay is to Alibaba. Only on steroids. To heck with Super Bowl ads — the coolest alternative payments company on the planet is Alipay. So China’s economy is stalling. So regulation gives Alipay advantages over even MasterCard and Visa. Alipay is a payments startup onRead More

Holidays Were Huge for Digital Payments, Preliminary Data Shows

Holidays Were Huge for Digital Payments, Preliminary Data Shows

by December 28, 2015 at 4:37 pm 1 comment

There are still Christmas leftovers in the refrigerator, but already it looks like the 2015 holiday season will go down as a momentous one for digital payments. Amazon reported today that nearly 70% of Amazon.com customers shopped using a mobile device this holiday season, while customers shopping on the company’s mobileRead More

Alibaba Ambitions in Fintech

by October 23, 2014 at 4:14 am 0 comments

Bits don’t stop at borders. Bits also don’t stop at category boundaries. Retailers and banks both serve consumers and process payments. For most of the 20th century retailers and banks were partners. In the 21st century digital age, both have to get used to the more complex cooptition reality. BankersRead More