Ant Group’s profits have dropped 19% as the Chinese FinTech expands its digital wallet offering. A report Tuesday (May 14) by Bloomberg News breaks down the company’s earnings, which showed Ant contributing 2.57 billion yuan ($355 million) of profit to Alibaba, which holds a one-third stake...
China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into another app that they don’t know as well,” Douglas...
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...
Paytm is reportedly set for a small regulatory win while facing bigger government headaches. The government of the FinTech’s home country of India is on the verge of allowing Paytm to invest in its crucial payments gateway unit, Bloomberg News reported Friday (Feb. 11). The report, citing...
January 06, 2021
Call it the latest salvo amid tensions between China and the United States that may heat up. With the consumer in focus. To that end, outgoing President Donald J. Trump signed an executive order that bans transactions with eight Chinese apps, among them Ant Group’s Alipay, Tencent’s QQ Wallet, Tencent QQ and WeChat Pay. Among […]
November 20, 2020
What’s next for Ant Group – and by extension, Jack Ma? In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. To that end, Howard Yu,...
November 03, 2020
For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. As noted by CNBC on Tuesday (Nov. 3), stock exchanges in Shanghai and...
July 03, 2024
Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant Group’s Alipay+ and other major international card organizations — have extended the International Consumer Friendly Zones program to the major western Chinese cities of Chengdu and Chongqing. The extension, the […]
May 14, 2024
Ant Group’s profits have dropped 19% as the Chinese FinTech expands its digital wallet offering. A report Tuesday (May 14) by Bloomberg News breaks down the company’s earnings, which showed Ant...
May 06, 2024
China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want...
April 08, 2024
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,...
