Tag: WeChat Pay

Potential QR Replacement in China; Cash Gaining on Cashless: News Roundup

PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

PayPal Entering Chinese Market with GoPay Acquisition

This week, PayPal announced that it’s entering the Chinese payments market. It’s acquiring a 70% interest in Guofubao Information Technology Co. (GoPay) Ltd, which already holds a payments license in the country.

Mobikwik and Paytm Target Commuters; UnionPay App Spars with Alibaba and Tencent: News Roundup

Malaysia is going mobile while Mobikwik and Paytm are targeting commuters. UnionPay spars with Alibaba and Tencent in mobile fight and HealthiPASS raised $7.2 million for expansion efforts.