AliPay

China’s Pro-Monopoly Antitrust Crusade

The Chinese government’s newly launched antitrust probe into Alibaba is probably warranted. The e-commerce giant undoubtedly has a dominant market share and engages in monopolistic practices, such as forcing merchants to make the company their exclusive online distributor or be delisted from its platforms.

1 January 2021
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Ant Financial Invests In Myanmar's Wave Money

Ant Financial, the Chinese operator of Alipay, announced its plans to invest US$73.5 million for a minority stake in Digital Money Myanmar Limited, a fintech company based in Myanmar locally known as Wave Money, the companies announced in a press release.Wave Money, a mobile financial services provider, allows users to send and receive money through a network of more than 57,000 agents or “Wave Shops” distributed across urban and rural areas covering approximately 89 percent of the country.&a

21 May 2020
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Goodbye Red Packet, Hello E-Ang Bao?

Like many other traditions, the handing out of ang baos – red packets containing cash – has been disrupted in the digital age.Synonymous with the Chinese Lunar New Year, the giving of red packets by elders to children or unmarried relatives symbolises good luck and is also a custom during birthdays and weddings.With the advent of the e-ang bao, virtual red packets can now be distributed through selected banks and e-wallet services.

25 January 2020
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Goodbye red packet, hello e-ang bao?

Like many other traditions, the handing out of ang baos – red packets containing cash – has been disrupted in the digital age.Synonymous with the Chinese Lunar New Year, the giving of red packets by elders to children or unmarried relatives symbolises good luck and is also a custom during birthdays and weddings. With the advent of the e-ang bao, virtual red packets can now be distributed through selected banks and e-wallet services.

15 February 2019
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Tourism gets a boost with e-wallets

The internet has changed the way most of us live. Through internet related technological innovations such as the Internet of Things (IoT), big data and e-commerce, a lot of our day to day tasks have been made easier. Such innovations could also boost many industries, making it easier for those who engage in certain types of business to carry out their tasks.The mushrooming of e-wallets in Asia – particularly Southeast Asia – could be useful for the tourism industry.

21 January 2019
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Digital Payments: Can foreign providers overtake local providers in Southeast Asia?

With increased digitisation of services these days it was only a matter of time before digital payments caught up. Digital payments are transactions of monetary value conducted via electronic means. These are expected to bring in US$32 billion in revenue to Southeast Asia by 2021, according to Euromonitor. To capitalise on it, Ant Financial’s Alipay and Tencent’s WeChat entered the market with an initial focus on Chinese tourists to the region.

19 January 2018
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