A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

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February 8, 2024

On the web

December 18, 2023

On the web

December 8, 2023

On the wires

October 19, 2023

On the wires

September 8, 2023

On the web

June 21, 2023

On the wires

Pay Like a Local: Alipay and Mastercard Offer International Travelers Another Convenient Way to Make Cashless Payments in China

PR Newswire

"With the resumption of travel and tourism to China in full swing, Mastercard and Alipay, China's leading digital open platform under Ant Group, today announced the launch of a new payments option that provides international arrivals to China with another simple and secure way to go cashless when visiting the country."

June 1, 2023

On the wires

April 25, 2023

On the web

Alipay+ Integrates With SGQR to Enable QR Payments at 11,000 Hawkers

Fintech Singapore

"Alipay+ has partnered with Singapore’s leading payment services group, Network for Electronic Transfers (NETS), to integrate with SGQR, the world’s first unified payment QR code. The SGQR integration will make the Alipay+ suite of digital payment solutions available at approximately 11,000 stalls across Singapore, including hawker centres, HDB coffee shops, wet markets, and JTC industrial canteens."

April 19, 2023

On the wires

February 1, 2023

On the wires

Alipay+ Extends Foodpanda Partnership to Malaysia....


Alipay+ has further strengthened its partnership with Asia’s largest food delivery platform, foodpanda, to Malaysia. Through this partnership, foodpanda Malaysia’s customers can now enjoy convenient food and grocery deliveries by paying through Touch ’n Go eWallet, one of the leading mobile wallets in Malaysia.

January 13, 2023

On the wires

Alipay+ Collaborates With Macao SAR Government to Boost Local Consumption and Attract Inbound Tourists


Alipay+, a provider of global cross-border digital payment and marketing solutions announced today that, through Alipay+, Macao merchants are offering lucrative incentives inside AlipayHK – one of the most popular e-wallets in Hong Kong – to attract travelers and boost local consumption as inter-city travels are expected to soon recovered to pre-pandemic levels.

January 11, 2023

On the web

Alipay+ Promotes QR Code Connectivity, Paving Ways For a Cash-Free, Mobile Friendly Travel Experience in Chinese Mainland for Asian Consumers


"Alipay+, a provider of global cross-border digital payment and marketing solutions, is striving to provide cash-free and mobile-friendly travel experiences for Asian tourists in the Chinese mainland, as it seeks to partner with more merchants and enable greater QR code connectivity. Starting from January 8, AlipayHK users can pay for metro rides in Shenzhen using their local app to enhance a seamless travel experience for Hong Kong visitors in the mainland. The service is enabled through joint efforts between Alipay+ and the city’s subway operator, following a similar payment system integration with bus operators in major cities across Guangdong province."

December 27, 2022

On the web

Alipay+ Rolls Out Holiday Promo with GCash, Global Partners

Back End News

“Alipay+, the provider of global cross-border digital payments and marketing solutions, has rolled out its first year-end promotion campaign with merchants across Asia and Europe, in collaboration with five Asian e-wallet partners: AlipayHK (Hong Kong SAR, China), GCash (Philippines), Kakao Pay (South Korea), TrueMoney (Thailand) and Touch ‘n Go eWallet (Malaysia). The promotion campaign is participated in by over one million merchants in retail, F&B, tourist attractions, and hospitality across major travel destinations where Alipay+ is accepted, including Japan, South Korea, Singapore, and various countries in Europe.”

November 30, 2022

On the web

AUB [ASIA United Bank Corp], Alipay+ Plan e-Wallet for Cross-Border Payments

BusinessWorld Online

“ASIA United Bank Corp. (AUB) has partnered with Alipay+ to enable the bank’s e-wallet, HelloMoney, for cross-border transactions and to provide an efficient payment experience for users whenever they go out of the country. In a statement on Wednesday, AUB said the move makes it the first Philippine lender with an e-wallet that can be used overseas. HelloMoney will be made acceptable first in South Korea and Japan through the partnership. It will allow users to pay merchants that accept Alipay+… “AUB has been a long-term partner to Ant Group, and we are excited to extend the partnership further to enable its e-wallet’s cross-border operations through Alipay+,” Alipay+ Global Partnerships, Ant Group General Manager Jia Hang said. Introduced by Ant Group, Alipay+ was designed to enable businesses to process a wide range of payment transactions and better serve regional and global clients. “Despite it being a relatively young e-wallet, HelloMoney has garnered strong growth and adoption momentum among users. Through this partnership, users of HelloMoney can rely on the e-wallet when they travel overseas, too, without the hassle of carrying cash or change currencies,” Mr. Hang said. AUB launched HelloMoney to let users digitally perform bank-to-bank fund transfers, buy prepaid load, remit money through PeraPadala, and transact using HelloMoney’s own virtual Mastercard.”

November 14, 2022

On the web

Jack Ma’s Ant Financial Wants To Become Leading Global Payments Aggregator; Clocks 1B Users


“Jack Ma co-founded Alibaba Group Holding Limited fintech affiliate Ant Group has found a way to scale up its QR code-enabled payments solution overseas.  Ant has been quietly forming partnerships with local payment providers in Asia. Ant built something akin to the Mastercard Inc or Visa Inc network for digital payments. It allows consumers to travel with their mobile wallet from home, TechCrunch reports. Ant dubs the payments processing network Alipay+ to distinguish it from Alipay, its consumer-facing wallet that has become ubiquitous in China. Alipay+ has integrated with 15 payment methods, allowing its partnered merchants to reach more than one billion consumers, Angel Zhao, president of international business at Ant Group, said during the Singapore Fintech Festival. To create a network effect, Alipay+ has been busy onboarding merchants. It supports over 2.5 million businesses around the world.”

More Merchants are Now Accepting Alipay+ in S’pore – Here’s a Look at What it’s About

Vulcan Post

“You might have seen Alipay+ advertisements as you roam on Singapore streets – as you walk along MRT stations, hop on a cab, go shopping at malls, or even head to Changi Airport to catch a flight.  Their ads are plastered almost everywhere, and more stores in Singapore are also carrying Alipay+ signs as an indication that they now accept this payment solution. This is a strong testament that Alipay+ is actively growing its presence here, but what exactly is Alipay+?”

November 7, 2022

On the wires

Alipay+ Unveils its PLUS Moment at Singapore Fintech Festival: Merchant Coverage Doubles as Global Brands Embrace Seamless Shopping Experience


“Alipay+, provider of global cross-border digital payment and marketing solutions, announced its merchant coverage has more than doubled to 2.5 million, as it continues working on connecting businesses to multiple digital payment methods by collaborating with acquirer partners. The payment methods merchants can adopt through one-time integration has now reached 15, so that they can tap over 1 billion e-wallet users and unlock the consumption potential of the mobile-savvy consumer.”

October 26, 2022

On the web

Alipay+ Featured at SHEIN’s Offline Popup Store Debut in the Philippines


“Alipay+ and its e-wallet partner GCash were featured last week at the Philippines launch of SHEIN, the leading fashion and lifestyle global e-retailer’s first-ever popup store. The event showcased how Alipay+ utilized its payments and marketing solutions to engage the e-commerce giant and e-wallet users in a variety of online to brick-and-mortar scenarios through exclusive incentives. GCash users who visited the offline popup store and completed online payment through Alipay+ on SHEIN’s website or app enjoyed extra PHP130 off at checkout with promotion codes provided on site. Users whose online orders exceeded PHP2999 also won an exquisite magic blind box exclusively designed by Alipay+ for the four-day popup event, which started on October 20. The SHEIN event also attracted broad attention and participation from the public as those Alipay+ magic blind box winners enthusiastically shared their joyful moments at the popup store on social media, including Instagram to strike their best poses on the runway and at the photo booth with eye-catching clothes and accessories from the popup.”

October 17, 2022

On the web

Alipay Test of Money Transfers Via WeChat Seen as First Breach of Mobile Payments ‘Walled Garden’

South China Morning Post

“The wall separating China’s two leading mobile payment systems may have started to crack after Ant Group’s Alipay rolled out a trial service that uses a QR code to enable the transfer of funds to users of rival app WeChat. While direct money transfers between the two apps is still not possible despite Beijing’s calls to dismantle the “walled gardens” operated by China’s Big Tech firms, the new service from Alipay – only available to a limited number of users in a trial run – marks a small step towards bridging the two mutually exclusive payment services, which together account for over 90 per cent of China’s mobile payments market. To carry out the transaction, Alipay users generate a QR code after specifying the amount up to a maximum of 2,000 yuan (US$278) per transfer. The code is shared with the WeChat user, who then must use Alipay to scan the code and receive the funds.”

July 8, 2022

On the web

Till Adds Alipay to its Education Offering Through Alipay+ Partnership and Enables More International Wallet Options for Australian Universities


“Global payments fintech disruptor, Till Payments (Till) has announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, to integrate Alipay into its new Education product offering and explore the potential integration of other digital payment methods brought by Alipay+. Till’s education offering has been designed for higher education institutions to support the revival of Australia’s $20 billion international education market, which has declined in recent years due to border closures and pandemic restrictions. As part of the collaboration, partners and merchants using the offering will be able to accept international student tuition fees via Alipay. The new product also offers seamless integrations into popular campus commerce systems, providing valuable insights and offering a connected and streamlined way to manage tuition payments.”

June 16, 2022

On the web

Alipay+ Upgrades Cashier Product to Bring Merchants Integrated and Cost-Efficient Experience

Business Wire

“Ant Group today announced the launch of Alipay+ Unified Payment. This major product upgrade provides a unified, scalable technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+ in a more convenient and effective way. Alipay+ offers a suite of innovative cross-border digital payments and marketing solutions, enabling merchants, especially small and medium-sized businesses, to better serve consumers worldwide. With this upgrade, Alipay+ Unified Payment further helps merchants directly reach over one billion consumers by making it easier for them to pay. Going forward, digital payment users in different countries can make cross-border payment with their local currencies wherever they see an Alipay+ sign, either online or offline, if the mobile payment methods they use adopt Alipay+ solutions.”

January 6, 2021

On the web

WSJ News Exclusive | Chinese Regulators Try to Get Jack Ma’s Ant Group to Share Consumer Data

Wall Street Journal

“China’s regulators are trying to get Jack Ma to do something the beleaguered billionaire has long resisted: share the troves of consumer-credit data collected by his financial-technology behemoth. Mr. Ma has little room to bargain after the business empire he has built over decades has landed in the crosshairs of regulators and even President Xi Jinping, partly reflecting Beijing’s concern that the flamboyant entrepreneur has been too focused on his business fortunes rather than the state’s goal of controlling financial risks.”

January 5, 2021

On the web

November 17, 2020

On the wires

A World of Opportunity: Shopify Launches Partnership with Alipay to Help Merchants Access New Global Consumers

“Today, we’re announcing a partnership with Alipay, Asia’s leading digital wallet platform, unlocking the power of cross-border commerce for Shopify’s merchants. The new payment gateway will allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more across Asia.”

July 15, 2020

On the web

May 15, 2020

On the wires

Alipay Unveils Enhanced AI-Powered Risk Engine AlphaRisk to Safeguard Businesses Amid Accelerating Digitization

“Alipay unveiled the enhanced version of the AI-powered risk engine AlphaRisk, the core of its world-leading risk and security technologies. Backed by AlphaRisk, Alipay’s fraud loss rate has been kept under 0.64 in 10 million. This means that for every $10 million worth of payments, fraud induced loss is less than $0.64, which is significantly lower than industry average.”

April 8, 2020

On the wires

Alipay Launches Initiatives to Support Wuhan Businesses As the City Comes Out of Lockdown

“Alipay has set up a special section, visible from the landing page of the Alipay app, to allow the platform’s 900 million users to easily locate merchants and their respective products and services in Wuhan. The section allows orders to be placed directly via the Alipay app for local specialty produce, and also enables users to access livestreams of tourist destinations across the city as it emerges from lockdown. Local merchants, including restaurants and tourist sites, will benefit from this initiative.”

March 12, 2020

On the web

Alipay Sets Out Plan for Open Financial Services Platform

NFC World

“Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030. “The plan marks a major milestone as Alipay continues to strengthen its positioning in China, evolving from a platform that provides inclusive financial services to an open, vibrant digital ecosystem that offers users a gateway into a comprehensive digital lifestyle, right in the palms of their hands,” Alipay says.”

December 19, 2019

On the web

China’s Alipay Users Will Get Financial Advice for the First Time


“Thanks to smart phone apps like Alipay and WeChat Pay, hundreds of millions of Chinese have quick and easy access to financial services. Those offerings are becoming increasingly sophisticated: For the first time, ordinary Chinese investors will also have access to watchdog-approved financial advice. The service will be available through a partnership between Ant Financial , which operates Alipay, and the $5.9 trillion US fund giant Vanguard. The joint venture is the first to win approval from the China Securities Regulatory Commission (CSRC) to provide professional advisory services.”

November 15, 2019

On the web

China’s Alipay Sets 5-year Goal to Serve 10M SMEs in Europe


“Alipay, the digital wallet from Ant Financial Services Group, announced a new target to support 10 million small and medium-sized businesses in Europe over the next five years, which will be able to serve more than 2 billion potential consumers traveling there from across the globe. Alipay announced the agreement during its Alipay Partners Global Summit in London, where an expanded partnership agreement with Worldline to expand acceptance of the mobile wallet by European merchants was announced as well as a new initiative to serve airports around the world.”

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