Alipay news and archive

Largest payment app Alipay to be China's target in tech crackdown

Chinese regulators have ordered sweeping changes to the country's biggest payment app Alipay, as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. Alipay -- with more than one billion users in China and other Asian nations including India -- was told to spinoff its profitable micro loan business, the...

Retail

Shopify partners up with Alipay to unlock cross-border commerce

Canadian e-commerce platform Shopify has announced a new partnership with online payment group Alipay to support merchants with cross-border commerce. The new partnership will allow Shopify merchants to access new global customers, provide them with the opportunity to tap into the bigger shopping seasons and holidays, and achieve seamless...

Business

Nepal bans Alipay, WeChat Pay

Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment platforms popularly used in hotels,...