Tag: china mobile payments

Australian mobile payments are well behind its APAC neighbors

Jorge Gonzalez
Mobile payments - Mobile Australian dollars

Banks in the country are highly protective over their turf, making the tech’s adoption slower. Australian customers aren’t using mobile payments nearly as much as those in other parts of the APAC region, according to new research that points the finger at the country’s banks for preventing faster adoption of the tech. This is an interesting trend when taking into consideration that Australians are heavy smartphone users. The research was conducted by the Griffith Asia Institute, which published the results of its analysis. They showed that while Australians are among…

Read More

ByteDance payment service launches in China through Douyin

L. Green
ByteDance payment service - paying via mobile phone

The TikTok parent company is using this as its next step into fintech and mobile commerce. The company behind TikTok has announced a new ByteDance payment service launched within Douyin, the Chinese version of the popular short video sharing app, which it also owns. The Douyin Pay option can be used to transact purchases within the video sharing application. The ByteDance payment service is in the form of Douyin Pay on the short video app. This makes it possible for creators to more easily sell merchandise or other items related…

Read More

PayPal completes GoPay acquisition required to access Chinese market

John Montgallo
GoPay Acquisition - Handshake - acquisition money

The American digital payment firm has now acquired a 70 percent equity stake. PayPal has now confirmed the completion of its GoPay acquisition. The American firm purchased a 70 percent equity stake in the Chinese Guofubao Information Technology company. This represents the first time a foreign payments platform will provide online pay services in China. Through the GoPay acquisition, PayPal will become the first company from outside of China to offer online payment services within the country. The purchase in the majority stake in the company didn’t come as a…

Read More

QR code use in China may fall due to facial recognition technology

Sam Lambert
QR code use - woman looking at monitor

Quick response codes are widespread for authenticating mobile payments in the country. In China, QR code use for completing mobile payments is as commonplace as the use of traditional credit cards in the United States. However, this could quickly become a thing of the past as more companies look to biometrics such as facial and fingerprint recognition. Tech giants in the country, such as Tencent, are already looking into ways to use biometrics. Most people use mobile phones to complete non-cash payment transactions in China. QR code use is the…

Read More

Alipay app for tourists: foreign visitors in China can now use popular mobile payments

Amanda Giasson
Alipay app for tourists - Shanghai

Alipay and WeChat pay are widely used in China and now travelers to the country can use them, too. Taking a trip to mainland China? You might be glad to know that there is a WeChat pay and Alipay app for tourists now available. Alibaba and WeChat announced that travelers to the country will be able to link their international cards to their payment apps. This move will make it more convenient for tourists to buy goods in China. Prior to the roll out of these mobile payment options for…

Read More