Tag "China"

Alibaba’s Ant Financial Announces VR-Based Payments Service

Ant Financial Services Group, Alibaba’s financial service affiliate that runs Alipay, has unveiled a new virtual reality (VR)-based payments service which the group plans to launch in September, according to a report by Yicai Global. In March, Alibaba established its

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China, A Frontrunner In The Fintech Race

China’s open and supportive regulatory environment, highly developed Internet and e-commerce sector, and growing demand for alternative finance solutions, have allowed the country’s fintech industry to flourish in the last few years. Today, China stands as a frontrunner in Internet finance. By the

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China: ApplePay Struggles to Take Off Amid Fierce Competition / Launch in Singapore

The mobile payments industry is expected to become a US$142 billion market by 2019, according to PricewaterhouseCoopers, a trend that has led to the emergence of a great number of mobile payments systems. Apple Pay, which launched in the US

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Chinese Internet Giants Alibaba, Baidu, Tencent, Lead Fintech Revolution

Disruptive innovation in banking and payments is overwhelmingly coming from China. Established global banks had better watch out or they may soon not have a future, according to Haydn Shaughnessy, co-founder of The Disruption House and author of Platform Disruptive

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