Continuing along their international expansion strategy, China UnionPay launches Quickpass in South Korea. Could AndroidPay be next?
Happy holidays from the whole team at Kapronasia! We're off this week as well and will be back online January 5th. We're looking forward to an exciting 2015 kicking off with our annual 2015 Top-10 trends in fintech research Reports. Details soon and hope to have you there for the webinar!
December 12th, 12/12, or Double 12, was Alibaba's sequel to the highly successful Singles Day (November 11th). The difference this time though was the incredible focus on and success of the online-to-offline commerce push.
Alibaba is yet again launching another investment product, and this time it will give its Alipay customers the option to invest in gold.
On December 12th, Webank, the proposed bank from Tencent received regulatory approval to start operations.
The new version of the popular Chinese payment app Alipay now supports Apple’s fingerprint touch sensor for account access and payment authorisation instead of a password.
Conventional wisdom and the written history of capital markets would have it that the value of a particular stock is based on the potential of future returns in the form of dividends and the underlying book value of the company. Not ones to stick with tradition, China’s mainland investors have often defied this basic tenant of reason and developed their own ideas about what the price of any particular stock should be.
Alipay is making headway on its promises to expand globally and has now entered into an agreement with several foreign transportation card firms, which will allow Alipay users to buy transport service cards through the Alipay app as they travel abroad.
This is part two of a two part series looking at China Unionpay's launch of Android Pay. Part one examined the potential impact of Android Pay on the mobile payment industry. Today we take a look at China Unionpay's business strategy in the mobile payments space as it launches Android Pay. We also answer the question of why China UnionPay would even be interested in having their own mobile payments app in the first place.
Kapronasia is pleased to release our P2P Lending in China report. Based on primary and secondary research, the report is one of the most comprehensive reports on the development of Peer to Peer lending in China.
For more information on the report click here.
The recent annoucement of the tie-up between GlobalCollect and China UnionPay tie-up could be a game changer for China UnionPay's international business.
The PBOC has announced it will be introducing a deposit insurance system in China, which will have a profound impact on banks’ behaviour. Liberalizing the banking sector may put it on a more sustainable path but short-term risks should not be ignored.
After years of bearish sentiments among Chinese investors, the Shanghai Composite Index seems to be picking up again and rises to highest level since August 2011.
This is part one of a two part series concerning China Unionpay's launch of Android Pay. Today we take a look at Android Pay's potential impact on the mobile payments industry. Part two will look at China Unionpay's business strategy within the mobile payments space as it launches an Android based mobile wallet.
Alibaba's not so subtle move into China's financial services industry took another step forward today with an additional investment into financial data and software provider Hundsun.