Tag: alipay

Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

Angela Linders
qr code payment alipay

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

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WeChat Pay and Alipay mobile wallet companies add international credit card support

Stephanie Beck
Mobile wallet - Image of credit cards

The giants from China are now allowing overseas visitors to add foreign credit cards to their digital wallets. Overseas visitors to China are now able to link their international credit cards to a WeChat Pay or Alipay mobile wallet and use them to make purchases wherever those digital payment transactions are accepted. This means that Visa, Mastercard, Discover, and JCB cardholders can all use their cards in their phones. The Alipay and WeChat Pay mobile wallet permissions have now been updated, making it possible for international credit card users to…

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QR code payments could break $3 trillion in 3 years

Jorge Gonzalez
QR code - Paying via QR code

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

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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…

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Alipay mobile wallet launches Wuhan merchant recovery effort

Jesse Collins
Alipay mobile wallet - shops and hotel in China

The top m-payment provider in the world is implementing several local assistance strategies. As Wuhan re-opens after having been the heart of the COVID-19 pandemic, Alipay mobile wallet is moving forward with a number of measures to help local merchants recover. The m-payments giant has 900 million direct customers and is launching new assistance efforts. Alipay mobile wallet is owned and operated by Ant Financial Services Group. It has 900 million direct customers. It recently created a special page on its smartphone app. This page is meant specifically to identify…

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