Libra chief warns US that delay on crypto creates opportunity for China

(Image credit: BigStock/World Image) In a recent interview, the head of Facebook's Libra David Marcus warned that…


Ant Financial in talks for a $3.5 billion loan at lower rate: report

Alibaba's fintech affiliate Ant Financial is in talks with lenders for a syndicated loan of up to $3.5 billion,…


China to deploy a national blockchain service network

(Image credit: Bigstock/LuckyStep48) China is now testing a nationwide blockchain service network (BSN), a service…


Indian startup Paytm to close $2 billion in new funding: report

(Image credit: Creative Commons/joegoauk73) Indian digital payment company Paytm is said to be nearing a deal to secure…


Alibaba Cloud to buy cybersecurity startup Chaitin Tech

Alibaba's booth at WAIC on Aug. 30, 2019 in Shanghai. (Image credit: TechNode/Shi Jiayi) Alibaba Cloud, a subsidiary of…


Alipay, WeChat Pay explicitly forbid crypto-related transactions

(Image credit: Creative Commons / marcoverch) China's big two digital payment platforms Alipay and WeChat Pay have…


Russian internet giant Mail.ru Group signs payment JV with Alipay

Saint Basil's Cathedral in Red Square, Moscow. (Image credit: Pixabay / Albert Dezetter) Chinese e-commerce giant…


'Golden Week' spending surged on mobile payment platforms amid cooling economy

A sign on a cash register showing consumers how to pay using mobile payment platforms. (Image credit: TechNode/Shi…


The Chinese startup that's making cross-border payments easier for overseas students

Tony Gao, co-founder and president of Easy Transfer, at Slush Shanghai in September. (Image credit: Slush) In recent…


INSIGHTS | Facebook’s digital dollar or China’s webminbi?

Imgae credit: BigStock/World Image With Facebook announcing Libra, some central banks have felt the pressure to start…