Tag: alipay

Apr 26 2021

Are China’s Banks Using the CDBC to Wrest Data Control from AliPay & WeChat?

6 of China's largest banks are promiting the use of the e-CNY in an online shopping festival on May 6th.

Mar 26 2021

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

Jan 06 2021

Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

Jan 06 2021 Published at CoinDesk under tags  alipay cbdc china news regulation

U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent, and Tencent Holdings, […]

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