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The Latest Breaking News from Alipay

China's experience with mobile payments highlights the pros and cons of a cashless society

An increasing number of people are using mobile devices – their smartphone, a smartwatch or tablet – to pay for goods and services. Mobile devices allow people to complete transactions without using cash or a traditional bank card, making shopping quicker and easier.

The Conversation

Alipay predicts jump in mobile payments

Alipay Thailand expects mobile payments made by Chinese travellers in Thailand to surge this year thanks to China's reopening.

Bangkok Post

Government-issued digital currencies could bring about a dystopian future, security experts warn

As the world moves away from cash, countries are rolling out government-regulated digital currencies that have concerned security experts.

Inverse

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China's planned national digital health code system raises concerns over state surveillance

Beijing plans to develop an integrated online health platform featuring the digital health records of every resident, sparking concerns about intensified state surveillance.

ABC News

Ant Group's Alipay+ to boost cashless travel in South Korea

HONG KONG: Chinese financial technology giant Ant Group is ramping up cashless travel in South Korea through its Alipay+ programme, which supports a major collaboration between trusted mobile payment services providers across Asia.

Bangkok Post

How Roxe Uses The Blockchain To Lower Cost And Transaction Times In Cross-Border Remittance

Benzinga is hosting a two-day crypto event at New York City’s Pier Sixty, Dec. 7-8, 2022.

Benzinga

Jack Ma gives up power, escapes Beijing’s crosshairs

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he steps back from a business empire that had made him one of the country’s most powerful people.

Bangkok Post

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Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out

Key takeaways: Yeahka’s push into the highly competitive e-commerce space comes as growth slows for its core mobile payments business Company’s stock has fluctuated since its 2020 listing, and now trades near its IPO price after a roaring start in early 2021 By Trevor Mo

Benzinga

Dear Olympics Media: Please Spare Us Your Fawning Over China's Digital Surveillance

Regarding the authoritarian country's central bank digital currency, you do not, under any circumstances, “gotta hand it to them.”

Reason

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