Use of Chinese digital wallets banned in Nepal Kathmandu, May 20 Nepal Rastra Bank, the central bank, today placed a ban on the use of Chinese digital wallets WeChat Pay and Alipay, in Nepal, stating that the country was losing foreign income due to illegal use of those payment applications... 21 May, 2019
EDITORIAL: Regulate pay apps The authorities should have the Chinese mobile payment systems register in Nepal so as to regulate them, just like the credit card providers Tourism is Nepal’s third largest source of foreign exchange after remittances by the Nepalis toiling mostly... 18 Apr, 2019
Has influx of Chinese tourists benefitted Nepal economically? Kathmandu, April 16 A picture of an invoice containing mostly Chinese characters did quite some rounds on Twitter this morning. The invoice, according to Sumana Shrestha, a management consultant, who took its photo and posted it online, was... 17 Apr, 2019
Fintech faithful put payments on a pedestal NEW YORK: Fintech's faithful are putting payments on a pedestal. Square and PayPal shares are near all-time highs – as are those of venerable outfits like Visa, MasterCard and First Data. They’re each chasing what could be a $2.3 trillion... 25 Jul, 2017
Stripe strikes global partnerships with China's Alipay, WeChat Pay NEW YORK: Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Starting Sunday, the... Mobile & Apps 10 Jul, 2017
Alibaba launches low-cost voice assistant amid AI drive BEIJING: China's Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc's "Echo", its first foray into artificially intelligent home devices. The "Tmall Genie", named after the... Mobile & Apps 05 Jul, 2017
Apple Pay to go live in China tomorrow Beijing, February 16 Apple Inc's Apple Pay mobile payment system will be available in China from February 18 for Industrial and Commercial Bank of China Ltd (ICBC) customers, bank representatives said in social media posts today. The technology... 17 Feb, 2016
Online 'red envelopes' rocket for Chinese New Year Beijing, February 9 Billions of online money transfers have taken place in China as the ancient Lunar New Year tradition of handing out red envelopes of cash met the internet age. For centuries parents, relatives and employers have handed out... 10 Feb, 2016
Apple to launch Apple Pay in China SHANGHAI: Apple said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings. Apple will partner with China’s main bank card and payment firm UnionPay, a...
