In 2014, Alipay had the mobile payment industry at its feet. Tencent’s WeChat Pay changed all that. Alipay was suddenly in a battle for survival.
E-payment players like AirPay, Alipay, and GrabPay have big dreams to extend its network throughout ASEAN. But, do they have what it takes?
WeChat will be charging for its credit card payment service. It is likely that users will move to other free platforms in the future.
Alibaba’s insurance game plan started four years ago with its investment in Zhong An Insurance.
China’s housing rental market is sizzling hot. Alipay has a game plan for the rental market.
As the Chinese payment market intensifies, Alipay and Tenpay look to overseas markets for expansion.
As cases of taxi fare evasion rise, it might be time for taxi drivers to embrace cashless payment systems.
Singapore’s taxi giant ComfortDelGro announced that it now accepts Alipay for fare payments. Alipay has entered five key areas of the Singaporean market: fashion, food, accommodation, tourism, and play.
Singapore may not see its own WeChat Pay nor Alipay soon. Its high banking penetration level is the greatest problem for third-party payment platforms.
Online payment platform Alipay already serves 200 countries online and dominates in China. Now they are looking to step up expansion into Southeast Asia. How did they get to where they are now, and will they crack the ASEAN market?