QR codes have taken off in China as have digital payments, but what are the limits? (Photo by … [+] VCG/VCG via Getty Images) VCG via Getty Images China’s cashless evolution is a remarkable story, as the country transitioned in less than two decades from a cash-first society to one with an 86% mobile payments …
To be fair to the British newspaper, the full headline is “Cash is king – for now: China signals it will slow transition to cashless society”, and the article below it outlines how rare cash now is, at least in the big cities. Going to Shenzhen? A guide to visas, the apps you need and …
Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it is working with local merchants, tourism sites and commercial districts to enhance international visitors’ experience and drive business for local merchants in the country’s main tourist destination cities. Ant Group …
Ant International and AirAsia owner Capital A Berhad are exploring ways to integrate more local payments methods and payment orchestration services into Capital A’s platform. The companies have formed a strategic partnership that also includes looking at marketing and digitization solutions for Capital A’s entire business ecosystem, which includes AirAsia, AirAsia MOVE and BigPay, according …
Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient. Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer …
Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40 How mobile payments impact people’s lives in China How mobile payments impact people’s lives in China Tencent on Thursday said foreign …
China has pledged to make it easier for foreigners to use payment apps and to reduce barriers for the private sector as part of its latest efforts to restore investor confidence. On Friday state news agency Xinhua reported that the State Council, China’s cabinet, had approved unspecified measures to make it easier for foreigners and …
Ant Group, an affiliate of e-commerce giant Alibaba Group Holding, is boosting its operations throughout Asia, as the Chinese fintech major seeks to capitalise on the country’s visa-free policy and an anticipated Lunar New Year travel boom. Ant recently expanded the availability of Alipay+, its cross-border mobile payment service, across Asia and in parts of …
She spent HK$7,000 (US$895) over five days on meals, clothes and cosmetics. Although she had no difficulty with e-payments at most shopping centres and big restaurant chains, she could not shake off the anxiety that she did not carry enough cash with her. Hong Kong taxis with Octopus readers to accept payment through 2 QR …