With global #remittances expected to grow by more than 4% this year, providers are utilizing mobile and other digital technologies to ensure sending money between countries is easier than ever. China, the world’s most populous country, has citizens all over the world, and huge amounts of money are flowing back and forth, which should make […]
Bank Innovation
While those of us in the U.S. experiment with Venmo or Apple Pay, #payments in China have reached the point where even large transactions are routinely processed via the smartphone, even #tuition payments. #Western #Union, which operates a money transfer service in the region via a partnership with #Chinese payment solutions provider Geoswift, has allowed […]
Bank Innovation
Chinese mobile payments platform #Alipay today launched in #Israel. Its entry into Israel comes as a result of partnering with Israel Credit Cards (ICC, CAL) and OneBill, according to reports. Israeli jewelry stores Diamond Mines, Caprice as well as skincare brand AHAVA are the first to accept Alipay. Other retailers will soon follow. Li Wang, […]
Bank Innovation
EXCLUSIVE – BNP #Paribas opened Chinese mobile payment service #WeChat Pay to its retail partners in Europe today. The payment solution will first debut at two flagships stores owned by retail conglomerate Galeries Lafayette Group in Paris. The plan is to gradually add WeChat Pay to all its other retail partners across Europe. The idea behind […]
Bank Innovation
Leading Chinese mobile payment service, #Alipay, is expanding its platform to the Nordic region for use of Chinese tourists, the company announced today. Alipay has signed separate “MoU” agreements with services in #Finland and #Sweden, as well as with the Scandinavian Tourist Board, which will allow merchants in these counts to accept payments from the […]
Bank Innovation
EXCLUSIVE – Ant Financial, the spin-off from Chinese e-commerce mammoth Alibaba Group, is leveraging the U.S. payments markets with a focus on the industries that cater to Chinese tourist, according to a keynote by Souheil Badran, President of #Alipay North America, at the Paythink Conference in Phoenix. Ant Financial operates Alipay, a digital payment platform. At […]
Bank Innovation
#Payworks is bringing Chinese payment service #AliPay to the #European point-of-sale. The POS payment gateway provider has partnered with Ant #Financial in order to integrate the AliPay service with European acquirers, the companies announced today. This marks an expansion for AliPay in Europe. It first arrived on the continent in 2015. With the partnership, AliPay will […]
Bank Innovation
Ant Financial’s premium payment service has arrived in yet another market: Spain. Spanish retailers will now support #Alipay capability in their stores thanks to an #agreement between Ant and Spanish bank #BBVA, the companies announced today. The ability is primarily directed for #Chinese tourists in the country that wish to continue to pay with the […]
Bank Innovation
#Alipay is now available at the POS at millions more U.S. businesses. Chinese mobile payments behemoth Alipay continues targeting North American growth by leveraging its existing partnerships. The world’s largest digital payment platform is expanding its pre-existing deal with commerce #technology provider First Data, the companies announced yesterday. The initial agreement was launched in 2016, where First […]
Bank Innovation
Chinese consumers sent about $ 3 #trillion in payments through Alibaba and Tencent payment services in #2016. According to a new report released by the UN-based Better Than Cash Alliance, users sent $ 1.7 trillion in total payments through Alibaba’s #Alipay service last year, compared to only $ 70 billion in 2012; Tencent&8217;s #WeChat users sent about $ 1.2 trillion in […]
Bank Innovation
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