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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
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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
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The maturity of "super apps" in China shows how to reach a digital generation, says EBANX's Henrik Nilsmo.March 4
Chief commercial officerEBANX
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In today’s high-tech world, it’s difficult for entrepreneurs to create a sweeping new platform when there is always a specialist somewhere who can deliver niche products faster, better and cheaper than the generalist. That’s what makes Southeast Asia’s Grab so unique.
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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
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WeChat Pay and Alipay have huge markets, but China's lack of openness makes a Facebook Libra-style move unlikely, argues Utrust's Filipe CastroJuly 23
CIOUtrust
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Tencent Holdings Ltd. reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.May 15
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China's rapid urbanization is causing a payments technology gap between the city and country, leading the government to issue a plan to bring digital payments in small towns and rural areas, a move that should also boost volume for Ant and Tencent's payments businesses.February 22
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Kenya’s Family Bank Ltd. will collaborate with London fintech SimbaPay to launch a transfer service to China with WeChat.November 28
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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.November 27
