Chinese authorities are considering requiring Tencent to include WeChat Pay in a newly created financial holding company.
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Shares in Naspers and its spinoff Prosus tumbled on Monday after a report said Tencent Holdings faces a record fine in China.
Moya, an instant messaging and payments app developed in South Africa, has notched up 6.5 million monthly active users and now has market leader WhatsApp firmly in its sights.
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.
Facebook is reportedly preparing to launch its own version of bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. There are good reasons to be sceptical about its potential.