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WeChat Pay to keep overseas focus on outbound tourism

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 Insights

11-Jul-18 Tencent Holdings' WeChat Pay said it will not seek to offer more local payment wallets to overseas customers over the next three years and will remain focused on serving outbound Chinese tourists better in popular overseas destinations. [image: SCMP]

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How Southeast Asia became a blockchain hub

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 Insights

05-Jul-18 A mix of social and economic factors have combined to make Southeast Asia a rapidly developing blockchain technology hub, including the region’s under-subscription to its banking network, with only 27% of the 655 million population holding a bank account. [image: iStock / Asia Times]

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Facial payment for Android models is coming

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 Insights

30-Jun-18 Consumers will complete mobile payment using upgraded facial recognition technologies on China-branded Android phones as early as Jul-18. Oppo will partner with Alibaba to kick off facial recognition authorization on AliPay using its new technology called FaceKey 3D. [image: Shine]

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American Asian supermarket chain adopts Alipay

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29-Jun-18 One of the largest Asian supermarket chains in the United States, New York-based 99 Ranch Market, will soon begin accepting mobile payments via Alipay, a third-party mobile and online payment platform developed and owned by China-based Ant Financial. [image: Progressive Grocer]

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Japan's Line Pay throws down gauntlet to Alipay

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 Insights

28-Jun-18 Japanese chat app operator Line unveiled a new service aimed at spreading mobile payment across Japan, in the most potent challenge yet by a Japanese operator to the dominant Chinese mobile payment platform, Alipay. [image: Keiichiro Sato / Nikkei Asian Review]

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