Alipay

SoftBank-backed Paytm raises $660 mn from Alibaba arm Alipay, others; 2.6 mn shares to be allotted to investors

On 29 November, there were reports that Paytm was looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron.

Jack Ma steps down as chairman of Alibaba on 55th birthday amid uncertainty, Sino-US trade tariff war

Ma, a former English teacher, founded Alibaba in 1999 to connect Chinese exporters to American retailers.

Facebook's Libra cryptocurrency could be similar to China's proposed digital currency

Some analysts say China accelerated the push to the digital money after Facebook announced Libra

Facebook Libra can be good for the developing countries where people face cash crunch

Libra could provide a universal, stable currency without needing to set up an entire payment infrastructure.

True fintech will be seen in India in the next five years: PhonePe co-founder Rahul Chari

"If it wasn't for UPI, we wouldn't be where we are right now with digital payments."

Apple criticised by China over the recent data security issue impacting customers

Apple declined to comment further on Friday, referring back to its earlier statement on the matter

China's crackdown leads WeChat to block cryptocurrency transaction on its platform

The move came into action when WeChat tipped regulators about an ongoing ICO project.

China's Ant Financial closes funding round after raising $10 billion at a $150 billion valuation

Ant Financial in China closed its latest funding round after having raised $10 billion from a clutch of global and local investors at $150 billion valuation

Mobile payment firms are struggling to dethrone cash in Southeast Asia despite boom in e-commerce

Cash on delivery costs e-commerce businesses more than other payment methods, said Alibaba Group Holding-backed e-retailer Lazada Group.

Apple partners with Alipay for mobile payments in China at Apple's physical stores

The Cupertino-based firm will accept Alipay payment across its 41 brick-and-mortar retail stores in China