19
Feb
Shanghai Free Trade Zones showing signs of payment activity
After what seems like forever, on February 18th, the regulators gave us a milestone reform for cross-border trade.
18
Feb
Competition for online finance cash increases in China
Not satisfied with just taking deposits from banks, online finance platforms are facing more competition from each other.
12
Feb
Alipay’s mobile payment business dwarfed PayPal’s in 2013
Over the past weekend, Alipay announced that it processed about US$150 billion in mobile payments in 2013 which is potentially more than PayPal and Square combined. PayPal cleared US$27 billion in 2013 and Square’s number is not public, but likely far less than even PayPal’s. That’s a huge number…
