KakaoPay

Hecto Financial Unveils Revolutionary Solution for Cross-Border Transactions

Retrieved on: 
Wednesday, February 28, 2024

Hecto Financial's MAMS offers a comprehensive 3-in-One settlement solution, enabling businesses to manage receivables, payables, and foreign exchange seamlessly.

Key Points: 
  • Hecto Financial's MAMS offers a comprehensive 3-in-One settlement solution, enabling businesses to manage receivables, payables, and foreign exchange seamlessly.
  • Clients only need to obtain access to Hecto Financial's MAMS to handle pay-ins and pay-outs with local Korean partners.
  • With over two decades of experience in the virtual account domain, Hecto Financial is a frontrunner in Korea in this regard.
  • Hecto Financial's MAMS stands as a testament to the company's unwavering commitment to simplifying cross-border transactions for businesses operating in Korea.

Siebert Financial and Kakao Pay Mutually Agree to Terminate Stock Purchase Agreement

Retrieved on: 
Tuesday, December 19, 2023

Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) and Kakaopay Corporation (KOSPI: 377300) (“Kakao Pay”) today announced that they have entered into a mutual agreement to terminate the previously announced Second Tranche Stock Purchase Agreement that they entered into on April 27, 2023 (the “SPA”).

Key Points: 
  • Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) and Kakaopay Corporation (KOSPI: 377300) (“Kakao Pay”) today announced that they have entered into a mutual agreement to terminate the previously announced Second Tranche Stock Purchase Agreement that they entered into on April 27, 2023 (the “SPA”).
  • Under the terms of the parties’ agreement, Kakao Pay will continue to own the 8,075,607 shares of Siebert common stock that it purchased from Siebert in May 2023, and retain its right under a separate stockholders’ agreement to designate one director to Siebert’s board of directors, subject to certain conditions.
  • Siebert will make a payment to Kakao Pay as a settlement fee, payable in installments beginning on March 29, 2024.
  • “After careful consideration we believe the decision to terminate the stock purchase agreement is in the long-term interest of Siebert and our stockholders.

Alipay+ and Partner E-Wallets Drive Sustainable Travel in Year-End Global Campaign

Retrieved on: 
Thursday, December 14, 2023

Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).

Key Points: 
  • Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).
  • The campaign features special offers from Alipay+ and partners to encourage sustainable travel behavior, such as free overseas mobile data packages, in-app discounts across Alipay+’s extensive merchant network, and opportunities to win 100% rebates at partner stores.
  • Dr Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant International said, “Our year-end campaign is not just about travel; it’s about making a positive impact.
  • Touch ’n Go eWallet cross-border payments in the Chinese mainland have grown by more than 100% month-on-month in 2023.

Alipay Partners With Online Travel Agencies to Launch Selected China Tour Packages and Travel Guide for International Tourists

Retrieved on: 
Tuesday, December 12, 2023

Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists traveling to China.

Key Points: 
  • Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists traveling to China.
  • The first batch of the launch includes a total of 20 packages aimed at helping international tourists navigate their travels in China.
  • Alipay and Trip.com also launched a China Travel Guide in the app with comprehensive travel advice in the country.
  • “We are delighted to work with partners across the industry to enhance international tourists’ payment and travel experience in China.

Citcon Partners with Alipay+ to Enable Cross-Border Mobile Payment for U.S. Retail Merchants

Retrieved on: 
Thursday, December 7, 2023

Citcon, an all-in-one payment service provider, is thrilled to announce its strategic partnership with Alipay+, a leading global cross-border mobile payment and marketing solution platform, to enable international e-wallet payments for retail merchants across the United States.

Key Points: 
  • Citcon, an all-in-one payment service provider, is thrilled to announce its strategic partnership with Alipay+, a leading global cross-border mobile payment and marketing solution platform, to enable international e-wallet payments for retail merchants across the United States.
  • With Citcon's expertise in payment processing, Alipay+ will be seamlessly integrated into the payment options available to U.S. merchants, empowering their capability to serve inbound travelers coming from many major Asian destinations.
  • Roseate Wagner, General Manager of North America, Ant Group, said expanding partners and merchant network is key to Alipay+’s future strategy.
  • Citcon is a leading payment gateway and global partner of choice for businesses, providing innovative solutions to help them accept payments from customers using various mobile wallets, payment apps, and payment methods.

01Fintech Invests US$20 Million in Validus to Drive SME Financing in the Southeast Asia Region

Retrieved on: 
Thursday, December 14, 2023

SINGAPORE, Dec. 13, 2023 /PRNewswire/ -- 01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specialising in financial technology in Southeast Asia, today announced a significant US$20-million investment in Validus, a market-leading small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.

Key Points: 
  • 01Fintech recognizes the tremendous potential of Validus' unique approach to SME financing which has led to its rapid growth and partnerships with the world's largest financial institutions such as Citibank and other major global banks.
  • Since its inception in 2015, Validus has disbursed more than US$3 billion[1] in loans to small businesses across Southeast Asia.
  • Southeast Asia represents a tremendous US$490 billion SME financing gap opportunity for specialized digital lenders with strong credit assessment capabilities.
  • With the support of 01Fintech, we aim to cement our leadership as the number one digital SME financing company in the region.

Alipay partners with Trip.com to launch selected China tour packages and travel guide for international tourists

Retrieved on: 
Wednesday, December 13, 2023

HANGZHOU, China, Dec. 13, 2023 /PRNewswire/ -- Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists travelling to China.

Key Points: 
  • HANGZHOU, China, Dec. 13, 2023 /PRNewswire/ -- Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists travelling to China.
  • The first batch of the launch includes a total of 20 packages aimed at helping international tourists navigate their travels in China.
  • Alipay and Trip.com also launched a China Travel Guide in the app with comprehensive travel advice in the country.
  • "We are delighted to work with partners across the industry to enhance international tourists' payment and travel experience in China.

Alipay partners with Trip.com to launch selected China tour packages and travel guide for international tourists

Retrieved on: 
Wednesday, December 13, 2023

HANGZHOU, China, Dec. 13, 2023 /PRNewswire/ -- Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists travelling to China.

Key Points: 
  • HANGZHOU, China, Dec. 13, 2023 /PRNewswire/ -- Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists travelling to China.
  • The first batch of the launch includes a total of 20 packages aimed at helping international tourists navigate their travels in China.
  • Alipay and Trip.com also launched a China Travel Guide in the app with comprehensive travel advice in the country.
  • "We are delighted to work with partners across the industry to enhance international tourists' payment and travel experience in China.

Ant Group Introduces 10 Asian E-Wallets to Chinese Mainland in Major Expansion of Alipay+ Cross-Border Mobile Payment Ecosystem

Retrieved on: 
Tuesday, September 19, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230918947937/en/
    The new additions bring the total number of overseas e-wallets accepted in the Chinese mainland to 10.
  • A suite of cross-border mobile payment, marketing and digitalization solutions developed by the International Business Group of Ant Group, Alipay+ enables payment partners to connect global and local merchants to cross-border digital consumers.
  • Ant Group is rolling out extensive merchants’ education and marketing campaigns across the Chinese mainland, especially in the top tourist cities, to welcome Asian athletes, fans and travelers.
  • “A growing variety of mobile payment providers are joining this ecosystem of cross-border digital commerce, from mobile wallets, to banking apps, independent merchant apps and super-apps.

Alipay+ and Google Play Launch Initiatives to Enhance Game Developers' Engagement with Asia's Mobile Users

Retrieved on: 
Tuesday, September 12, 2023

Alipay+ and Google Play in August also rolled out their first-ever joint gaming festival in the Philippines, Indonesia, Thailand and Malaysia.

Key Points: 
  • Alipay+ and Google Play in August also rolled out their first-ever joint gaming festival in the Philippines, Indonesia, Thailand and Malaysia.
  • Since 2020, transaction volumes and values on Google Play made by Alipay+ e-wallet partners increased by more than 10 times.
  • Many game developers have also enhanced their offerings through Alipay+ and Google Play.
  • The increased focus on gamers by Alipay+ and Google Play is designed to help game developers win a larger share in the worlds' fastest-growing digital and entertainment markets.