China Payments Research

Jul

Alipay moves closer to public launch of “selfie” payments

At Lendit’s China conference in Shanghai this week, Atlas Technologies Singapore learned that Chinese digital payments giant Alipay is close to rolling out its new facial recognition software to the public. The lender – whose payments system holds about 48 percent of China’s online payments market share last year – has already…

Jul

China Payments Research

The PBOC and CUP push for tokenization in China

China is pushing its card industry towards tokenization as it seeks to make digital payments more secure on the Mainland. Banks and payment service providers (PSP) are required to use tokenization to process transaction data by the end of this year, according to Chinese business publication National Business Daily, citing…

Jun

China Payments Research

Will a potential Taobao and UnionPay collaboration actually work?

Rumours are swirling that Alibaba’s Taobao will collaborate with UnionPay. While details are still unknown, this partnership is noteworthy as Alibaba’s online payments system Alipay and UnionPay have been fierce rivals for the past ten years.

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China Payments Research