With the push for contactless payments -- via fingerprint or retina scan -- the Chinese giant has now implemented its 'Smile to Pay' concept in China, through the facial recognition tool of its subsidiary Ant Financial.
India's Flipkart has secured nearly $2.5 billion in funding from Japan's SoftBank Group, giving the online retailer more firepower to compete with Amazon in the country's burgeoning e-commerce market.
A tech fund backed by Japan's SoftBank Group has picked up one of the biggest stakes in India's leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday.
U.S.-based payment card companies, including AmEx, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter.
Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings.