Dong Ximiao was buying a meal at KFC and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?”. Read more: www.bloomberg.com
Shopify, a Canadian startup which went public on the New York and Toronto stock exchanges last year, is launching in the UK. Read more: www.cityam.com
Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.
Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. Read more: www.fintechroundup.com
MoneyGram and Walmart have decided to team up to take on online funds transfers. Now powered by MoneyGram, Walmart shoppers have some new capabilities. Read more: www.pymnts.com