Alipay news and archive

Largest payment app Alipay to be China's target in tech crackdown

Chinese regulators have ordered sweeping changes to the country's biggest payment app Alipay, as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. Alipay -- with more than one billion users in China and other Asian nations including India -- was told to spinoff its profitable micro loan business, the...

Retail

Shopify partners up with Alipay to unlock cross-border commerce

Canadian e-commerce platform Shopify has announced a new partnership with online payment group Alipay to support merchants with cross-border commerce. The new partnership will allow Shopify merchants to access new global customers, provide them with the opportunity to tap into the bigger shopping seasons and holidays, and achieve seamless...

Business

Nepal bans Alipay, WeChat Pay

Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment platforms popularly used in hotels,...

Business|ANÁLISIS Featured

Guess? Inc. se gana a los turistas chinos en EE.UU. con pagos móviles

Guess? Inc. ha apostado fuertemente por China como mercado estratégico y por los consumidores chinos como su primera prioridad a la hora de ganarse a los turistas adinerados en otros mercados internacionales. El grupo de moda se ha asociado con el gigante de pagos Alipay – propiedad del grupo chino Alibaba Group y operado por su subsidiaria de...

Business|ANALYSIS Featured

Guess? enhances its mobile payments in the U.S. to win over wealthy Chinese tourists

Guess? Inc. has bet strongly on China, both as a strategic market and as the home for one of the wealthiest shoppers groups it targets worldwide. The fashion group has partnered with Alipay to offer mobile payments its Chinese customers are used to at its most popular stores across the U.S. Guess? Inc. has recently announced a partnership with...

Business

Guess & Alipay partner up to simplify payments for Chinese tourists in the US

Guess Inc. has announced a collaboration with China’s leading digital payment platform, Alipay, which is owned by Ant Financial Services Group. Through the partnership, Chinese tourists visiting the United States will be able to pay for their purchases at more than 50 Guess shops using the Alipay app -- just like they would at home. “Guess is a...

Retail

China's Alibaba under fire over use of customer data

Chinese e-commerce giant Alibaba has come under fire over its handling of user data in an episode that underscores growing concerns for privacy in the hyper-digitised country. Alibaba affiliate Ant Financial was forced to apologise on Wednesday after users said they felt misled into allowing its Alipay service to share data on their spending...

Retail

Is facial recognition the stuff of sci-fi? Not in China

From toilet-paper dispensers to fast-food restaurants, travel, beauty and crime-fighting, China is taking the lead in rolling out facial-recognition technology. But while advocates warn it makes life easier, quicker and safer, opponents counter that it is another example of how the Chinese government keeps a sinister and increasingly close eye...

Fashion

Alipay becomes available in U.S. for Chinese consumers

Alipay just expanded its reach for the U.S. market. The Chinese-based platform has officially decided to capitalize on the North American market. Its third-party payment platform is now available for consumers visiting the U.S. and Canada. The company announced this information during NRF Big Show 2017, according to Retail Touch Points. As...