The People’s Bank of China has banned the use of WeChat and Alipay payment codes for businesses beginning on March 1, 2022, according to reports. WeChat and Alipay are the two most popular digital ...
BI noted that harmonizing policies remained the main challenge in implementing cross-border QR payment initiatives abroad, ...
In 2002, China set up a state-owned network for debit and credit cards called UnionPay and blocked the domestic expansion of Visa and MasterCard. The government gradually loosened restrictions on ...
Ant Group said that it is investing CNY10b to grow the Alipay Tap! ecosystem. Alipay says that users of its Tap! solution has surpassed 100 million. Alipay Tap! is its QR code-based contactless ...
Visiting China just got a whole lot easier for international travelers. Starting Friday, visitors are able to link their Visa (V) and Mastercard (MA) accounts to China’s most popular mobile payment ...
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