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The Latest Breaking News from Alipay

Jack Ma Was Rejected By KFC, Police, And Harvard — Now His Alibaba Fortune Surpasses The Entire Value Of The Fried Chicken Giant

Once rejected by Kentucky Fried Chicken and dozens of other employers, Alibaba Group (NYSE:BABA) founder Jack Ma has risen to become wealthier than the fast-food giant's parent company, Yum! Brands (NYSE:YUM).

Benzinga

Huawei is quietly positioning its OS as an Android and Windows rival with launch of a HarmonyOS smart cash register in China

Huawei launches HarmonyOS-based cash register into China, bringing the operating system into retail equipment for the first time.

TechRadar

Finance companies fight back against AI deepfakes, with over 70% of new enrollment attempts to some firms being fake

While AI presents an opportunity for financial firms like Ant International, it also poses risks.

Fortune

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10 Digital Wallets That Collect Your Biometric Data

In an increasingly cashless world, digital wallets are quickly replacing traditional payment methods. Tapping a phone or scanning a face is now faster than swiping a credit card, and consumers have embraced the convenience. But while digital wallets promise speed and security, they also raise concerns—especially when it comes to…

Everybody Loves Your Money

Xiaomi’s new AI glasses are already giving Ray-Ban Metas a serious beatdown

Xiaomi is crashing the smart glasses scene with an AI pair that outlasts the Ray-Ban Meta.

Android Central

Forgot your smartphone? No problem - here's the first smart glasses that can pay for your coffee

Alipay+ and Meizu unveil world’s first smart glasses e-wallet payment.

TechRadar

More than 4 billion user records exposed in biggest data leak ever — everything you need to know

With 4 billion user records left exposed online without a password, this data leak could be the biggest yet.

Tom’s Guide

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Is the EU banning American credit cards?

Social media users allege that ECB President Christine Lagarde has announced plans to get rid of the likes of Visa, Mastercard and PayPal.

Euronews

Jack Ma Makes Rare Appearance At Alibaba Fintech Event Stresses On AI Revolution

Jack Ma Returns to Ant Group's 20th Anniversary Celebration After Three Years Jack Ma made his first public appearance at Ant Group's 20th anniversary event, marking his return after the 2020 IPO setback. He expressed optimism about the future of Ant Group, which is pushing forward with AI innovations and…

Benzinga

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan

With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan

Caixin Global

China Slashes Payment Barriers for Foreign Visitors

PBOC tells mobile payment services to increase the single transaction limit for foreign users to $5,000 from $1,000 to help revitalize tourism

Caixin Global

Regulator confirms Alipay's independence, China's central bank declares

China's central bank acknowledges that Ant Group's Alipay has no controller, marking a significant development in the regulation of digital payment platforms.

Top News

Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

The Independent UK

WeChat Lets Users Link Overseas Cards for Everyday Payments in China

Tencent’s ubiquitous platform now allows people from overseas with certain international bank cards to access tens of millions of merchants

Caixin Global

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Bangkok Post

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

Ant Group supports local partners on inclusive financial services

Ant Group continue to support its local partners in Thailand to develop inclusive financial services i.e cross-border payment solution, virtual bank etc. for local consumers and business communities. However, the company is mainly focusing on cross-border payment solution in the Thai market, said general manager for global merchant partnership of Thailand…

The Independent UK

From a post-truth world to a post-trust world

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Bangkok Post

VAT refunds surge after reopening

Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.

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Bangkok Post

TrueMoney bullish on growth

Southeast Asia e-payment and financial service provider TrueMoney is aggressively expanding its services, with the aim of becoming a financial services super application.

The Conversation

China's experience with mobile payments highlights the pros and cons of a cashless society

An increasing number of people are using mobile devices – their smartphone, a smartwatch or tablet – to pay for goods and services. Mobile devices allow people to complete transactions without using cash or a traditional bank card, making shopping quicker and easier.

Bangkok Post

Alipay predicts jump in mobile payments

Alipay Thailand expects mobile payments made by Chinese travellers in Thailand to surge this year thanks to China's reopening.

Inverse

Government-issued digital currencies could bring about a dystopian future, security experts warn

As the world moves away from cash, countries are rolling out government-regulated digital currencies that have concerned security experts.

ABC News

China's planned national digital health code system raises concerns over state surveillance

Beijing plans to develop an integrated online health platform featuring the digital health records of every resident, sparking concerns about intensified state surveillance.

Bangkok Post

Ant Group's Alipay+ to boost cashless travel in South Korea

HONG KONG: Chinese financial technology giant Ant Group is ramping up cashless travel in South Korea through its Alipay+ programme, which supports a major collaboration between trusted mobile payment services providers across Asia.

Benzinga

How Roxe Uses The Blockchain To Lower Cost And Transaction Times In Cross-Border Remittance

Benzinga is hosting a two-day crypto event at New York City’s Pier Sixty, Dec. 7-8, 2022.

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