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Showing 1 - 9 of 9 results for "Alipay"

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
... Meanwhile, in financial services ARK predicts that traditional banks are facing sizeable risks from digital wallets like Alipay and Venmo and digital lenders like Klarna. Venmo, which is owned by PayPal, amassed roughly 60 million active users in the ...

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... most complete financial services offerings right now are based in China and Japan. Alibaba (including its subsidiaries Alipay and Tencent), Baidu, Line (including Rakuten) and NTT Docomo all offer not only payment systems but money market funds, insurance ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... acquisition and on-boarding, was acquired by Temenos last December for US$245 million. Ant Financial, formerly known as Alipay, topped the list after a venture capital raise of US$14 billion. KPMG Australia head of banking and global co-lead for fintech ...

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
Commonwealth Bank has started accepting Alipay on its EFTPOS devices in a bid to attract Chinese shoppers who last year spent $10.9 billion in Australia. This makes CBA the first of the big four banks to accept Alipay in Australia, ahead of NAB which ...

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... splash last December when it partnered with Westfield. While the partnership was focused on their retail payments platform Alipay, Ant Financial also has a global digital bank (MYbank), wealth management business (Ant Fortune) and money market fund (Yu'e ...

Chinese financial services giant eyes Australian expansion

EMMA RAPAPORT  |  WEDNESDAY, 13 DEC 2017
... into the Australian market under a new partnership. Ant Financial, which operates mobile payment and lifestyle platform AliPay, will work with Westfield to launch 'Double 12', a global shopping festival which will give shoppers at Westfield Sydney access ...

Distribution reshapes globalisation: Capital Group

DARREN SNYDER  |  THURSDAY, 1 JUN 2017
... mobile phone account. "It's a transformational experience for people in Kenya and wider Africa. It's the same with WePay and AliPay in China." This, Budden said, reinforces his views of the emerging market consumer and the sheer power they can create. ...

Global bank tests customer service 'bot'

KARREN VERGARA  |  THURSDAY, 20 APR 2017
... organisation Better Than Cash Alliance revealed in China, social media network WeChat and third-party online payment platform Alipay, generated US$2.9 trillion in digital social payments in 2016. It represents a 20-fold increase in the past four years. ...

CBA partners to capitalise on Chinese tourism

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
... payment solutions to Australian and Chinese consumers and retailers. CBA has signed a memorandum of understanding with Alipay, operated by Ant Financial Services Group - the world's largest mobile and online payment platform - to make it easier for Australian ...
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