U.S. explores restrictions on Ant Group, Tencent payment systems
The Trump administration is exploring restrictions on billionaire Jack Ma’s Ant Group as well as Tencent Holdings Ltd. over concerns ...
Tag: Tencent
Tencent teams with state-backed UnionPay on mobile payments
Tencent Holdings Ltd. and China UnionPay Co. will soon unify the mobile codes that consumers scan to pay for purchases, ...
With IBM, Bank of China takes aim at super apps
The advent of social payment platforms like Alipay and WeChat are causing ripple effects within China's banking sector. In September, ...
Tencent Sees Payments Growth Driven by Merchant Adoption
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, ...
Naspers Said to Eye Fintech Deals in $1 Billion India Push
Naspers Ltd. wants to spend about $1 billion in India this year as it scours the globe for investments that ...
Apple, Amazon, Alibaba Are Coming After Banks, Regulators Say
Giant technology companies are moving inexorably into the finance business and could quickly upend the banking industry, according to the ...
Can QR Codes Make It in America? SwiftPass Thinks So
The scale of mobile payments in China staggers the Western imagination. In 2017, $15.4 trillion in mobile payments were processed, ...
Fintech Unfiltered: Chris Skinner on Ant Financial and the Global Payments Landscape [PODCAST]
Over the past few years, mobile payments has become a service that customers expect from their banks, FIs and e-commerce ...
China’s Tremendous E-Commerce Growth Leads to Spike in Mobile Payments
It’s no secret that China's e-commerce scene is huge and growing, with players like Baidu, Alibaba and Tencent. By extension, ...
Chinese Search Engine Baidu Seeks to Raise $2B For Financial Services
Chinese company Baidu is in talks with prospective investors for the purpose of raising $2 billion in funding focused on ...
