Wirecard has developed a new app for Alipay acceptance on mobile devices without POS integration. Mobile App ‘Scan Alipay’ is available for every retailer after registration Simple QR code scanning procedure Aschheim (Munich). The payment service provider Wirecard will collaborate with Alipay – a company of the Ant Financial Services Group, which is an affiliate…
The number of online payment users in China reached over a third of a trillion in mid-2015, accounting for more than 50% of Internet users. According to the latest yStats.com’s report, the online payment landscape in Asia-Pacific remains dynamic. Third-party payment services, such as Alipay and Tenpay, were the leading payment methods used by online…
China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the “Company” or “China Jo-Jo”), a leading China-based pharmacy with retail, wholesale and online distribution of pharmaceutical and health care products, today announced sequential Q3 Alipay mobile transactions grew 84% while sequential traditional payment transactions such as City Health Insurance payment transactions grew 27% respectively versus Q2 of…
The number of Chinese consumers shopping U.S. brands online over the holiday season has increased 7 times over last year. Total sales from China-based consumers purchasing U.S. products through Alipay ePass increased 15 times versus last year.
Globally, Alternative Payment Methods (APMs) inched past card payments for the first time ever with 51% of market share.
It is also likely eWallets will overtake credit cards in the global eCommerce market by 2019.
BlueSnap has launched a next-generation global payment gateway that makes mobile checkout frictionless for consumers and integration to the platform simple for online merchants.
More than $5 billion of GMV was settled through Alipay on Alibaba’s China and international retail marketplaces in the first 90 minutes of the Global Shopping Festival yesterday.
Beijing-based Alibaba Group disclosed its omni-channel retailing plans for the 2015 11.11 Global Shopping Festival. This year, more than 1,000 retail brands, with 180,000 stores in 330 cities across China, will participate in this year’s 11.11 Global Shopping Festival. In Beijing alone, more than 8,000 stores will join the 11.11 festival.
One of the key challenges presently facing the mobile payments market is the high level of market fragmentation, defined both by the multiplicity of platforms/solutions technologies being deployed and the increasing range of service configurations being offered. This slows down merchant acceptance and makes it difficult for providers to gain scale. We expect the market to reach a point where consolidation among players and solutions becomes the best way to drive address this issue.
The recent Flipkart-FX Mart partnership is reminiscent of the relationship between Chinese e-commerce giant Alibaba and Alipay, a third party payment platform.
CardWeb.com’s CardData Reports today features the “Asia Pacific Mobile Money Industry Prospects till 2019 – China and India to Bolster Growth” report by Ken Research.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.