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Old world aces new world

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With sizeable market shares, China’s mobile payments giants Alipay and WeChat Pay are seeking international expansion. What’s next for the tech giants?

Daily News at Sibos 2017 – Day 3

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Read our third Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!

Infographic: the world’s most cashless countries

Cashless Infographic

What countries among the 20 largest economies are adapting quickest to using cashless systems like phones and contactless cards? New research (and nifty infographics) from global trading site Forex Bonuses reveals that Canada takes the top spot, narrowly edging out Sweden for the top position.

Fintechs – friends or foes?

Fintech – friend or foe?

Visa employees have a saying that “cash is our biggest competitor.” Mightier threats, however, are looming.

Ping An Securities live with Finastra’s FusionCapital tech

Finastra gains live site in China

Ping An Securities has implemented a new front-to-back office securities brokerage platform, FusionCapital Summit, supplied by Finastra (formerly Misys).

Intel and Tencent team up for blockchain tech

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Chinese investment holding company Tencent and US-based Intel have joined forces to co-operate on blockchain projects.

Alipay taps Yelp to enrich Chinese travel experience

Alipay's march across Europe continues

Alipay has inked a slew of partnerships lately. The latest deal for the Chinese app is with Yelp and connects local businesses with Chinese travelers, a move that’s likely to boost loyalty and transaction volume in one fell swoop, reports Paybefore (Banking Technology‘s sister publication). The partnership connects Yelp’s local content to millions of Chinese travelers […]

Geoswift, UnionPay and Western Union vie for Chinese international tuition payments with Amazon promotion

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As students gear up for back to school, the competition for international tuition payments is heating up. Geoswift, UnionPay and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

New state-controlled clearing house to process all payment providers’ transactions in China

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Ant Financial, Tencent and 42 other payments and financial services firms in China have agreed to route their payments transactions through a new clearing house, controlled by Chinese government.

Three more Chinese banks join Swift’s global payments innovation

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Three local Chinese commercial banks have joined Swift’s global payments innovation initiative (gpi), bringing the number of Chinese banks involved to 16, the most in the world, according to Xinhua. The new trio are Yinzhou Bank and Bank of Ningbo in eastern China’s Zhejiang province; and the Bank of Jiangsu, in the eastern Jiangsu province […]

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