Alipay offers free insurance protection to increase user confidence
Alipay, the China’s online payment provider on Wednesday announced that its users will receive free insurance to protect them while using Alipay Express Checkout service to pay for online purchases, reports Sina Tech. If the users’ fund confirmed was stolen while paying online using Alipay Express Checkout, they will be compensated 100 per cent on the losses encountered by China’s Ping An insurance...
PayPal records healthy grow in Q1 2013
PayPal, via its blog, announced that PayPal payment volume in first quarter 2013 increased 22 per cent to RM124.37 billion (US$41 billion) and the revenue recorded at RM4.55 billion (US$1.5 billion). According to PayPal, they have 128 million active accounts all over the...
WeChat may receive a third-party payment license
According to a report by Marbridge Consulting, the China Payment and Clearing Association and the People’s Bank of China may issue a license permitting Tencent’s WeChat to handle payments in the mobile messaging application.
MoneyGram: Beware charity scams after the tragedy in Boston
The global money transfer company MoneyGram warned the consumers about charity scams which typically spikes immediately following a national tragedy such as Boston Marathon Bombings. The scammers will pretend from a legitimate non-profit organization with an official website to ask public for donation to the tragedy. According to Garner, a potential charity scam can be detected with the following signals: Name Game: The name of the...
eBay’s first quarter revenue grows 14% to hit RM11.2b
eBay Inc, the global commerce and payments company on Wednesday published its first quarter 2013 performance and the report shows the company’s revenue increased 14 per cent to RM11.2 billion (US$3.7 billion), compared to the same period of 2012.
Just use your voice to transfer PayPal fund via Android’s Sherpa
Sherpa, the Spanish language virtual voice assistant for Android devices recently has launched its English-speaking version in the United States and now available for download in the Google Play Store, reports USA Today. Sherpa is an app similar with Apple’s Siri. The new launch English version of Sherpa, enable English speaking users can tell their Android phone what they want to do with the phone and lets it do the rest, including...
Western Union expands its footprint into Mexico
The global money transfer company Western Union has signed a five-year agreement with Bancoppel, a financial institution owned by Coppel – one of the largest department store chain in Mexico, allowing Mexican to access Western Union global money transfer services easily at nearly 1,000 Bancoppel location across the country.
MasterCard and China CITIC Bank signed a MoU for virtual payment space
MasterCard on Wednesday signed a Memorandum of Understanding (MoU) with China CITIC Bank on a strategic partnership in developing innovative and secure payment products and services within and outside China.
E-commerce platform Intershop integrates with WorldPay services
The provider of state-of-the-art e-commerce solutions, Intershop has released its latest version, Intershop 7 platform which is integrated with WorldPay’s payment processing and risk management service – RiskGuardian.
JingDong to offer its new service via new purchased wangyin.com soon
CHINA: JingDong or previously known as 360Buy, one of the largest B2C e-commerce platforms was reported by Sina Tech that the company bought the domain name of wangyin.com which is suspected to be used for its online payment services.
