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The Latest Breaking News from Alipay

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

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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

Alibaba Stock Rises As China Concludes Probe Of Affiliate Ant Group

Chinese authorities on Friday ended a yearslong investigation of fintech company Ant Group, an affiliate of e-commerce leader Alibaba.

Investors Business Daily

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

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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…

Bangkok Post

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

The Independent UK

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.

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.

Bangkok Post

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.

The Conversation

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.

Bangkok Post

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.

Inverse

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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.

Bangkok Post

Jack Ma gives up power, escapes Beijing’s crosshairs

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he steps back from a business empire that had made him one of the country’s most powerful people.

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Benzinga

Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out

Key takeaways: Yeahka’s push into the highly competitive e-commerce space comes as growth slows for its core mobile payments business Company’s stock has fluctuated since its 2020 listing, and now trades near its IPO price after a roaring start in early 2021 By Trevor Mo

Reason

Dear Olympics Media: Please Spare Us Your Fawning Over China's Digital Surveillance

Regarding the authoritarian country's central bank digital currency, you do not, under any circumstances, “gotta hand it to them.”

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