What's New in Payments

Alipay pushes into Hong Kong, India, Thailand and the Philippines with Christmas shopping festival

Alipay to hold online 24-hour Christmas shopping festival as part of expansion push — South China Morning Post — “The event will take place in Hong Kong, India, Thailand and the Philippines with Alipay partners in each location: Hutchison in Hong Kong, Paytm in India, Truemoney in Thailand and GCash in the Philippines… As part of the December event, the AlipayHK joint venture has partnered with more than 8,000 bricks-and-mortar stores to offer exclusive gifts, discounts and rewards.”









What's New in Payments

WeChat Pay and offline mobile payments see “incredibly high” uptake in China

Tencent China survey

Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%. More