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Category Archives: Payment Services
E-Commerce: Alibaba and MasterCard sign MoU
Alibaba Group and MasterCard have signed a Memorandum of Understanding (MoU) agreeing to collaborate in e-commerce business in the future. Under the terms of the MoU, the two companies aim to join forces to establish an enhanced e-commerce environment to … Continue reading
Hot Technologies That Will Define Banking in 2013: The Cloud, Digital Payments, Mobility and Big Data Analytics
Bank Systems & Technology asked a panel of industry experts to weigh in on its “2013 Forecast: The Hot Technologies That Will Define Banking.” According to the panel—which included US Bank, Aite Group, IDC Financial Insights and FICO CTO Stuart … Continue reading
U.S. Wins Trade Dispute with China over Electronic Payment Services
The U.S. prevailed in one of its many World Trade Organization (WTO) disputes with China this week. Specifically, the WTO found that China’s policies toward foreign suppliers of electronic payment services (EPS) were discriminatory, as the U.S. had alleged in … Continue reading
Alipay Ventures into Logistics
Alibaba Group’s e-payment subsidiary, Alipay, announced plans to invest US$79 million to diversify its business into the China logistics market over the next three years. The investment will see Alipay unveil handheld devices that can be used to track parcels … Continue reading
Posted in Alibaba, Alipay, China, E-Commerce, Payment Services
Tagged Alibaba, Alipay, Alipay Ventures into Logistics
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Alipay to Serve International Customers
Hangzhou, 1st November: According to a report on Penn-Olson, Alibaba Group’s online payment platform, Alipay, will launch a new service to process international payment later this month. The new service will be named Alipay Express, and will partner with a … Continue reading
Posted in Alibaba, Alipay, China, E-Commerce, Payment Services
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Alipay Acquires China Business of OnCard
Alipay, the online payment provider now controlled by Alibaba Group CEO Jack Ma, has reportedly reached an agreement to purchase Australian loyalty card and payment platform provider OnCard Payment’s Chinese business – BillToBill. Financial details of the deal were not … Continue reading
Posted in Alibaba, Alipay, China, Payment Services
Tagged Alipay Acquires Oncard Payments, China Business of Oncard
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Alibaba, Yahoo and Softbank Reach Deal over Alipay Spin-off
China’s largest E-commerce company Alibaba Group has settled its dispute with Yahoo and Softbank on the value of Alipay which was transferred by Jack Ma, CEO of Alibaba to an entity controlled by Mr. Ma. The transfer was made for … Continue reading