Alipay parent Ant Financial is planning to raise up to 20bn yuan (US$3.1bn) in its current funding round at a valuation of more than $50bn, according to The Wall Street Journal... More
Mobile network operator China Telecom is to launch an NFC mobile wallet in China later this year, in cooperation with more than a dozen financial institutions... More
The bank card association is conducting NFC pilots in Shanghai, Ningbo and Changsha and has extended its mobile payments services to a total of six provinces and regions. More
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