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Mobile payments
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Mobile payments
Cash is history. Whether its ordering groceries from our smartphone or using it to pay for the bus, these companies and services are changing the way we pay for goods and services.
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Blockchain
OKX sees tipping point for blockchain tech amid rising crypto sentiment
OKX chief commercial officer Lennix Lai says the exchange is focused on building compliant services in the US and Singapore, among other markets.
29 May 2025 - 10:00PM
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Alibaba
Alibaba’s Amap offers ride-hailing function catering to China’s foreign visitors
25 May 2025 - 9:00AM
Ant Group
Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin-off
19 May 2025 - 6:51PM
Crime in Hong Kong
Mainland bank in Hong Kong investigates unauthorised transactions on FPS platform
China Construction Bank (Asia) client says she lost HK$20,000 through FPS transfers, with experts suggesting hacking may be involved.
19 May 2025 - 12:19AM
Fintech
Alipay and WeChat Pay see booming inbound spending in China for Labour Day
Preliminary data from the country’s two dominant mobile payment apps show two-to-three times the spending from a year ago, much of it from Hong Kong.
5 May 2025 - 8:00PM
Artificial intelligence
Geely-owned DreamSmart to push mobile payments via AI smart glasses
DreamSmart is working with Ant International to enable mobile payments for users of its StarV Air2 eyewear.
29 Apr 2025 - 11:58AM
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Ant Group
Alipay leads China’s payments market as tap-and-pay reaches 100 million users
Alipay, launched 20 years ago by Alibaba Group, has proved to be a revolutionary product that changed the way Chinese people make payments.
25 Apr 2025 - 9:00PM
Tencent
WeChat helps Chinese tourists book tables at 870,000 dining spots across Japan
The Chinese-language version of Tabelog, a popular Japanese restaurant review website, is now available as a mini program on WeChat.
23 Apr 2025 - 7:30PM
Artificial intelligence
Chinese tech giants race to expand AI services market via open-standard protocol
China is seeing growing adoption of the model context protocol, which has become a de facto standard for AI integration.
21 Apr 2025 - 9:52PM
Fintech
Digital wallets are finally taking hold in Hong Kong, report shows
A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.
22 Apr 2025 - 11:44AM
Banking & finance
Hong Kong to unveil 3 e-banking security measures to combat financial fraud
The HKMA’s ‘E-Banking Security ABC’ measures will enhance online banking security, deputy chief executive Arthur Yuen says.
14 Apr 2025 - 7:30AM
Tencent
Tencent chases Chinese tourists in Singapore with Sentosa deal
As Chinese travellers return to Southeast Asia, Weixin Pay has struck a partnership with Singapore’s top resort island.
14 Mar 2025 - 7:00AM
Hong Kong economy
Editorial
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Octopus lands in Japan to delight of HK visitors
After Thailand, South Korea and the mainland, the Hong Kong stored-value card system has added another popular tourist destination to its network.
11 Mar 2025 - 8:15AM
Hong Kong economy
Hong Kong tourists in Japan may soon be able to use Octopus app for payments
Octopus Holdings says it is in talks with different platforms in Japan and aims to collaborate with those that have greater payment coverage.
5 Mar 2025 - 11:19AM
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Banking & finance
HKMA mandates name-matching for transfers above HK$1,000 to combat scams
Banks have been asked to implement the ‘refined measures’ for instant fund transfers by the end of May.
19 Feb 2025 - 1:15AM
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Lunar New Year
China’s Lunar New Year spending spree offers hope for consumption boost
Statistics indicate domestic consumption broke several records during this year’s holiday, with lower-end spending seeing the biggest gains.
6 Feb 2025 - 6:00PM
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Yuan
Opinion
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Trump’s digital dollar ban opens the door for China’s yuan
The US president’s decision to halt CBDC development may inadvertently hasten the de-dollarisation trend, smoothing path for yuan internationalisation.
4 Feb 2025 - 4:30PM
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Apps
Alipay bears cost of system error that applied discounts to user transactions
The system error applied a 20 per cent ‘government subsidy’ to an undisclosed number of transactions on Thursday, according to users.
17 Jan 2025 - 4:35PM
Lunar New Year
Editorial
|
It is time to make Lunar New Year red lai see packets greener
While it is a tradition to fill red paper envelopes with freshly printed notes, mainland Chinese have shown sustainable digital options can be just as effective.
16 Jan 2025 - 6:30AM
Banking & finance
HKMA readying FPS for cross-border use by midyear
HKMA and PBOC have been working on syncing the Faster Payment System and the mainland’s Internet Banking Payment System.
13 Jan 2025 - 7:23PM
Foreigners in China
China’s bid to bring back foreign visitors is bearing fruit, but is it enough?
Visitor numbers are well down on pre-Covid levels despite a string of measures, including the offer of visa-free access.
31 Dec 2024 - 10:51PM
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Artificial intelligence
Alipay adds AI image search to enhance ‘super app’ role in rivalry with WeChat
Alipay’s move shows how mobile payment platforms are striving to grow their customer base and engender user loyalty in the AI era.
31 Dec 2024 - 5:00PM
Crime
US tech consultant found guilty of murder of Cash App founder Bob Lee
Nima Momeni faces 16 years to life in prison for stabbing Lee to death with a knife he took from his sister’s kitchen.
18 Dec 2024 - 4:04AM
Ant Group
Jack Ma makes rare speech at Ant Group’s 20th anniversary
The Chinese entrepreneur addresses the fintech giant for the first time since it withdrew its mega IPO in 2020.
9 Dec 2024 - 10:05PM
Yuan
China’s digital yuan roared out of the gate, but stumbling blocks have popped up
Corruption and a slow adoption of the e-CNY risk undermining the groundbreaking progress that China’s digital currency has made over the past decade.
1 Dec 2024 - 9:00AM
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4
Tencent
Tencent beats estimates with 47% profit jump, driven by video gaming
Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.
13 Nov 2024 - 9:51PM
7
Ant Group
Ant International drives AI in cross-border payments to boost global expansion
The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.
7 Nov 2024 - 10:58PM
Ant Group
Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions
Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.
28 Oct 2024 - 8:18PM
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