Tag: AliPay


Bank groups spell out payments industry concerns

December 8, 2021

Via: Payments Dive

The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]

Activity, Trading

PayPal looks to stock trading, savings in push past checkout

February 12, 2021

Via: American Banker

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button. The payments giant expects the number of active users on its sprawling platform to climb to 750 […]

Channels, Regulations

Trump bans transactions through Chinese apps including Alipay

January 7, 2021

Via: FinTech Futures

According to Reuters, Trump issued the executive order just 15 days before his successor, Joe Biden, is set to be inaugurated. It bans transactions in the US via major Chinese Big Tech wallet providers including Ant Group and Tencent. President-elect […]


Chinese regulators consider AliPay and WeChat antitrust probe

August 4, 2020

Via: Banking Technology

According to Reuters sources, the State Council has gathered evidence on the two firms for more than a month. It plans to investigate whether the payments giants have used their dominant market position to prevent competition from gaining a significant […]