CIMB Group Holdings Bhd, Malaysia's second largest bank by asset scale, said that its subsidiary Touch n Go, in which …

Chinese telecom device maker Huawei and digital transfer services provider WorldRemit reached a deal to offer international transfer services to …

Silicon Valley start-up company Stripe has reached deals with Chinese digital payment service providers Alipay and WeChat payment to enable …

Ping An WiFi, a brand under China's Ping An Group, announced that they have gained a CNY550 million investment from …

Samsung's payment service Samsung Pay and Alibaba's payment service Alipay announced an interoperability deal that allows users to complete payments …

Dalian, China, May 9, 2016 /ChinaNewswire.com/ – Financial technology, e-commerce, and online payments are all booming industries in Asia, especially in the largest markets of China, India, and Japan. From startup fintech incubators in Hong Kong to e-commerce vendor aggregators in Mumbai to huge online payment services in Hangzhou, many banks, traditional industries, and Internet … Continue reading "Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com"

Jiangsu-based supermarket chain Suguo announced that its 1,500 owned stores in Jiangsu and Anhui provinces, covering shopping plazas, community stores, …

China UnionPay has reportedly decided to launch a mobile payment service named "AndroidPay" for Android smartphones. According to reports in Chinese local media, several information sources confirmed the new service will reportedly be available in China in the third quarter of 2015. Several smartphone makers also confirmed the news. Cao Jingsheng, vice president of Coolpad […]

Alibaba Group's chairman Jack Ma and Apple's chief executive officer Tim Cook jointly announced last week that Alibaba and Apple will work together on payment services. Apple Pay plans to enter the Chinese market via Alipay and become a payment method for Chinese Apple users. But more importantly, Apple will help Alipay to expand into […]

Hon Hai Group has purchased 2.45 million shares of SK C&C, a subsidiary of South Korea's SK Group, representing a shareholding of 4.9%. Hon Hai published a report, stating that as a long-term investment, its subsidiary Best Leap Enterprises Limited acquired 2.45 million shares of SK C&C, with the price of KRW155,500 per share. The […]

Hu Xiaoming, Alibaba's vice president for small- and micro-financial group and chief risk officer, announced in Beijing that the company will invest CNY40 million to establish a security fund. The security fund will be used to fight Internet phishing, trojans, money laundering, malicious attacks, and to protect user information. The security fund will cooperate with […]

Chinese telecom operator China Mobile announced its annual results for 2013 in Hong Kong, and those financial numbers did not impress. During the entire year of 2013, China Mobile's operating revenue was CNY630.2 billion, a year-on-year increase of 8.3%; but its net profit was CNY121.7 billion, a year-on-year decrease of 5.9%. This is reportedly the […]

The People's Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese Internet companies like Alipay and Tencent previously launched such services. However, neither company has given any comment on the situation. The emergency […]

To capitalize on growing mobile payments and to keep more business in-house, smartphone maker Xiaomi has established a payment company. The company has registered capital of CNY50 million and Lei Jun, founder of Xiaomi, is the legal representative and chairman of this company. The operating scope of Xiaomi's payment company includes electronic payment technology, payment […]

More than a decade after the website sunk into oblivion, the new owners of the China.com domain name are hoping an international revival will grab users back to the site. Guoguang Global Media Holdings Limited, the industrial management platform of China Radio International, recently announced growth plans for its acquired business, China.com. Founded in May […]

Sina.com and Alipay.com announced that the two parties will realize full intercommunication between Sina Weibo and Alipay accounts to provide convenient Weibo payment services to users in China. With the cooperation, users will be able to complete online payments on the Weibo microblogging platform as well as use for offline daily retail consumption with the […]

Market research firm Analysys International published its latest statistics: by 2015, China's third-party Internet payment scale will reach CNY13.920 trillion. The numbers also show the number of registered Internet payment accounts will be 1.378 billion; and the mobile payment scale will be CNY712.3 billion. The company said the Chinese third-party payment license structure was basically […]

Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas. This new business unit at Alipay is expected to provide convenient and rapid payment services to the rural market […]

Taiwanese smartphone maker HTC announced that its investment in the cloud gaming service provider OnLive will lead to losses of USD40 million. According to HTC, OnLive recently completed an asset restructuring because the company was short of working capital and unable to raise new funds. HTC refused to provide further details about this investment. In […]

Li Yue, president of China Mobile, said that by the end of October 2011, China Mobile has signed wireless city construction agreements with over 160 cities in 26 provinces in China, of which nearly 150 cities in 22 provinces had completed construction of basic wireless city platforms. At the same time, the company has developed […]