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The US President, Donald Trump, has issued an executive to ban any transaction involving WeChat, which has over 1.2 billion monthly active users, and potentially other subsidiaries of Tencent, its parent company, within the... more
Globally, digital payments are expected to reach an annual transaction value of $4.4 trillion in 2020, with 17% CAGR through 2024.* With growth rates like this, it is not surprising... more
The post Report: Is now the time for QR code payments at the POS? appeared first on Payments Cards & Mobile.
China’s central bank is reported to be considering and antitrust investigation into Alipay and WeChat Pay, the central bank argues the digital payment giants have used their dominant positions to... more
The post China’s central bank considers antitrust probe into Alipay and WeChat Pay appeared first on Payments Cards & Mobile.
Chinese payments giants Alipay and WeChat Pay have announced they plan to open up their mobile wallet platforms to international card schemes as regulators ease restrictions. The apps, which dominate... more
The post Alipay and WeChat Pay to support international card schemes in mobile wallet appeared first on Payments Cards & Mobile.
Amazon is reported to be planing to gear up its challenge to Apple Pay in the mobile-payments race with its own mobile wallet Amazon Pay. The e-commerce giant is working to... more
The post Amazon reported to launch mobile wallet Amazon Pay appeared first on Payments Cards & Mobile.