Vodacom has taken the wraps off its much-anticipated VodaPay “super app” in South Africa, designed in collaboration with Alibaba Group-owned fintech services platform Alipay.
US President Donald Trump has signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group’s Alipay in 45 days, when he’ll no longer be in office.
Two weeks ago, Jack Ma somehow found the time to opine on China’s banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. That’s now costing him big time.
Four Chinese regulators invited billionaire Jack Ma and Ant Group’s top executives to a supervisory interview on Monday, a rare meeting that underscores rising government scrutiny of the company.
The Trump administration lost a bid to enforce its prohibitions against the Chinese-owned “super app” WeChat in the US after appealing a judge’s ruling that the ban probably violates the free-speech rights of its users.
The US state department has submitted a proposal for the Trump administration to add China’s Ant Group to a trade blacklist, according to two people familiar with the matter.
India has banned another set of 118 apps from China’s technology giants, including Tencent’s wildly popular game PUBG Mobile Lite and online payments platform Alipay, as tensions escalated between the countries.
Four years after pulling the plug on its M-Pesa platform in South Africa, Vodacom is having another go at fintech and mobile payments in its biggest market, this time in partnership with Chinese’s Ant Financial.