third party payments

Oct

Meituan-Dianping deal means no more independent payment providers in China?

Meituan-Dianping, the result of the merger of the group buying titans Meituan and Dianping, completed the acquisition of payment company QiandaiPay on the September 27th. The deal is significant in a few ways and demonstrates the current state of affairs in China’s payments industry.

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.

Jun

Asia Payments Research

WeChat receives warning from Thailand Central Bank, signaling a possible foreign markets dilemma

Over the past few years, Alipay, WeChat, and other mobile financial and non-financial platforms have become ubiquitous in China. This ubiquity has led to a fiercely competitive market, so increasingly these companies have begun to look overseas, expanding into foreign markets including Japan, Korea, and Southeast Asia. Although they are…

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third party payments