Chinese third-party Internet payment service provider Alipay.com announced that the company has established a new subsidiary in Sydney, Australia. Alipay will reportedly continue with a local joint venture with Paybang to meet the shopping demands of Australian and Chinese consumers. Alipay will also work together with Australia Post to promote Alipay shopping cards in 4,400 local retailing sites. With those cards, Australian consumers will be able to directly purchase products from Tmall.com and Taobao.com.
Apple today announced it had struck a deal with UnionPay, China’s most popular credit and debit card system, to accept payments for digital goods on its App Store. “The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China,” Eddy Cue, Apple’s executive in charge of its Internet software and services division, said in a statement Monday.
Although far more people use Android phones, China’s iOS users already outspend their Android brethren when it comes to dollars being dropped in the App Store. And yesterday, Apple announced a change that could push the balance even further in its favor: it has has added UnionPay as a payment option for customers in China. UnionPay, for those who don’t know, is China’s only domestic bank card organization.
Optus customers using one of 23 compatible Android smartphones will soon be able to make payments on their device, after the telco partnered with Visa and Heritage Bank to debut a new payments app utilising near-field communications. Optus customers on a monthly mobile plan – and who use one of 23 specified Android devices from Samsung, LG, HTC and Sony – will now be able to request an NFC-enabled SIM card to make payments on Optus’ new Cash by Optus app.
The international shopping website Gilt announced that the company formally introduced Alipay as a new payment channel. This makes Gilt the latest overseas shopping website partner of Alipay following recent additions iHerb, My Bag, and Rakuten. Founded in 2007 and headquartered in the U.S., Gilt provides instant insider access to top designer labels. Its products cover apparel, jewelry, home supplies and travel products and its services have been expanded from America to over 100 countries and regions around the world.
Chinese Bitcoin exchange website BTCChina has reached a strategic deal with e-commerce providers, including online game service provider Shenzhoufu.com; Internet P2F financial management website Aicaike.com; and maternal and child product retail website Dandanchina.com. According to the agreements, BTCChina will provide Bitcoin payment services to those e-commerce enterprises, which expand payment channels for Internet users, help e-commerce enterprises attract more users, and improve their competitiveness.
India is racing on the ecommerce track. But there are many speed-breakers, and the biggest of them is payments. Complex regulations around credit card and mobile payments, clunky payment gateways, and language barriers are tying up many internet companies, including international players like Uber to homegrown superstars like Flipkart. Global leader in payments Visa Inc wants to do something about it.
Alibaba Group’s chairman Jack Ma and Apple’s chief executive officer Tim Cook jointly announced last week that Alibaba and Apple will work together on payment services. Apple Pay plans to enter the Chinese market via Alipay and become a payment method for Chinese Apple users. But more importantly, Apple will help Alipay to expand into the international market.
BEIJING: Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September.
‘Pay with Amazon’, the ecommerce giant’s attempt at making online and mobile payments far more convenient and secure, launched in India today, well before the much-anticipated Apple Pay. This payment tool from Amazon is for other ecommerce companies to integrate a smoother and more convenient payment system on their own sites. This means that third-party online retailers and merchants can outsource their financial transactions infrastructure to Amazon. Shoppers, in turn, can use the information stored in their Amazon account to make purchases on those other ecommerce sites.
Coda Payments announced new partnerships this morning with several Southeast Asian telcos. The mobile payment company’s fresh roster of partners includes Globe Telecom in the Philippines, Indosat and Esia in Indonesia, and SingTel and M1 in Singapore. This brings the total number of customers with access to Codapay to more than 100 million in Asia.
SINGAPORE: Payments service provider Visa announced on Wednesday (Oct 1) its plans to create approximately 185 technology research and development (R&D) jobs in Singapore. In many cases, the new contract positions will be converted to permanent roles, said Visa in its press release, adding this would help maintain the company’s momentum around new IT initiatives underway at the company.
WeChat gets a v6.0 update today – only on iOS so far – that adds in two useful new features. But, as often happens with WeChat, one of these is restricted to its China-based users. The new WeChat feature open to everyone is Vine-like short videos called Sight. This is available in both personal messages and the more public WeChat Moments. In either case, you’re limited to a six-second video. If it’s sent as a message, it autoplays rather like a Vine video or a GIF. It looks like this:
Global Card Payments Company Visa, Inc. plans to establish a new technology development base in India by next year. With the new center, Visa plans to create 2,000 new full-time jobs around the world, while taking advantage of India’s software engineering talent. “Visa Inc will open a new technology center in India in 2015 and strengthen its technology resources by creating 2,000 full-time technologist positions around the world,” Visa said.
Mario Gomez Lozada looks nothing like the shaggy hipsters that you encounter at Bitcoin meetups. At 40 years old, he’s obviously more seasoned, and his tailored suit and Franck Muller watch clash with the usual T-shirts and beards. The first wave of Bitcoin exchanges, like their creators, were a bit rough around the edges. Their lack of professionalism – mixed with a lot of naivete and too much libertarian idealism – eventually ended with the collapse of Mt. Gox and the evaporation of approximately US$400 million worth of the cryptocurrency. Gomez Lozada, a former CIO at Credit Suisse in both Japan and Singapore, represents the coming wave of Bitcoin 2.0 services – polished, professional, and well-versed in both finance and IT security.
Bitcoin’s cloudy future in Japan just got a bit brighter. The virtual currency has been slow to catch on in Japan following the collapse of noted bitcoin exchange Mt. Gox and the government’s subsequent refusal to categorize it as a currency. There are still proponents of Bitcoin in the country, however. Now you can add GMO, one of Japan’s largest internet infrastructure firms, to the list of fans.
By now you would have read what every person connected to the internet thinks about the iPhone 6. So, armed with a few iPhone 6 review units and a Telstra 4G sim, iTnews decided to do something a bit different and give our readers the chance to review the device. Given the new iPhone will offer an NFC-based mobile payments service, we took to mobility experts within Australia’s biggest banks to find out if the devices impressed the financial sector.
Every cent counts for startups. Which makes the PayPal Startup Blueprint welcome news for entrepreneurs. The payment giant announced this week that it will extend the program, which gives startups free payment processing, to eight markets in Asia-Pacific. The program waives processing fees for transactions up to the US$1.5 million mark for PayPal and US$100,000 for Braintree. The latter is only available in Australia for now, but will be available for the rest of Asia soon, according to the press release.
Tencent has introduced in-store mobile payments in WeChat, its popular mobile messaging app, for nine retail chains across China. As Pingwest reports, Chinese WeChat users will spot a new “Small Payments” (shuaka, or “swipe card” in Chinese) feature inside the “Wallet” section of the app. Pressing the icon and entering one’s password for WeChat Payments will subsequently generate a QR Code or a barcode that retailers can scan to accept payments for in-store purchases.
China’s biggest internet company Tencent has signed a deal to buy a stake in Sinopec’s sales and marketing arm, according to MarketWatch . This gives Tencent access to the oil giant’s retail operations across China. The maker of WeChat is one of several investors involved in the deal with China’s biggest oil company. The deal is worth RMB 107.1 billion (US$17.44 billion) from 25 new investors, which also include insurance giant PICC, and asset management firm Munsun. Each company can own up to a 2.8 percent stake.