Alibaba to bring mobile payments to Intime Retail

Mobile payments platform

Alibaba makes an investment in department store operator Intime Retail One of China’s largest Internet groups has made its first investment in the traditional brick-and-mortar space. Alibaba has backed Intime Retail, a department store operator based in Hong Kong. Intime Retail operates 36 department stores throughout mainland China, each carrying luxury brands like Gucci. Alibaba has taken up a 25% stake in Intime Retail with a $692 million investment. The move is expected to have a significant impact on Alibaba’s initial public offering, which is expected to be launched later…

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Mobile payments standards released in Hong Kong

Hong Kong mobile payments

Banking association releases standards concerning mobile commerce Mobile payments have been growing rapidly in Hong Kong over the past few years as the number of smartphones and tablets grows. Consumers are showing strong interest in shopping and paying for products using their mobile devices, but there are relatively few standards in place that govern the parties that have invested heavily in mobile commerce. The Hong Kong Association of Banks has moved to change that, issuing a Best Practice of NFC Mobile Payments report. Report based on data collected by financial…

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New mobile commerce platform launched in Hong Kong

NFC technology mobile commerce

Mobile commerce platform launched by 3 Hong Kong and Citibank 3 Hong Kong, the mobile operator for the Hutchison Telecommunications organization, and Citibank Hong Kong have joined together to launch a new mobile wallet service called “3 Citi Wallet.” The mobile wallet is designed to make it easier for used to pay for goods and services using their mobile devices. The platform can store financial information as well as information associated with credit cards, making this data accessible through the use of NFC technology. Demand for mobile commerce is on…

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Chunghwa Telecom makes a strong move on mobile payments

Mobile Payments

Mobile payments make progress with the help of Chunghwa Telecom Chunghwa Telecom, one of Taiwan’s leading telecommunications companies, has signed two Memorandums of Understanding with telecommunications operators in Japan and Hong Kong this week. The companies in question are Japan’s KDDI and Hong Kong’s PCCW, prominent mobile network operators that account for a significant portion of the telecommunication services of their representative regions. Through these agreements, Chunghwa Telecom has plans to accomplish its ambitious vision concerning NFC-powered mobile payments. New partnerships bring new opportunities to mobile commerce Chunghwa Telecom has…

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QR code technology and the record industry, together, make beautiful music!

Viral marketing has been something of a hit in the many industries. The concept is simple…take a product, develop a sense of mystery by implementing qr technology and allow consumers to puzzle out what it really is. Somehow, the process makes the product more real and the consumer feels a deeper connection with it. The problem is getting the consumer to go through the trouble of paying the viral campaign any mind. Once they see it, it’s really a game of chance whether they’ll want to delve deeper. In Hong Kong, ad agency Leo…

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