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Payments Research

9

Feb

China Payments Research

Does Alibaba’s purchase of Ant Financial signal an open environment for foreign payment companies in China?

On February 1st, Alibaba and Ant Finance jointly announced that, according to their strategic agreement signed in 2014, Alibaba will acquire 33% of Ant Finance’s shares through one of Alibaba’s subsidiaries.

24

Jan

China Payments Research

Regulation on Barcode Payments to Solve E-payment Scams and Facilitate Fair Market Competition in China

In China, bar code payments (including QR codes) dominate the mobile payment market. Using a bar code to pay is easy, but comes with risks. In 2017, about RMB 90 million ($14 million) was stolen due to fraud. On December 25th, 2017, the People’s Bank of China (the PBOC) released…