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WhatsApp digital payment service goes live in India

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12-Feb-18 WhatsApp has launched its digital payment service, with India the first country able to access the new function. In India, the payment platform will be geared toward very small businesses employing less than 10 people. [image: Daily Trust]

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Alipay, Tenpay fined for violations in cross-border payments

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07-Feb-18 Alipay and Tenpay have each been fined USD95,000 for violating rules when they handle cross-border payment services. The infringements included violating rules of business scope, information reports, and failing to submit risk reports to authorities. [image: IC / Caixin]

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Alibaba targets India as key e-commerce battleground

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 Insights

07-Feb-18 Alibaba has secured a USD200 mn stake in leading Indian online grocery group BigBasket, while its payments affiliate Ant Financial agreed to invest the same sum into Indian food-ordering app Zomato. [image: Morgan Stanley Research / FT]

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