Amid global cross-border tourism recovery, the average spending of Chinese tourists using Alipay overseas doubled in the first quarter of 2023 compared with pre-pandemic levels in the same period in 2019, according to Alipay, the leading digital open platform that offers a popular mobile payment method and all kinds of life services to Chinese consumers.
Seattle Bank, a digitally-driven local bank, has announced a new embedded banking partnership with LoanStar Technologies (LoanStar), a fintech company that enables merchants and service providers to offer point-of-sale consumer loans.
Financial infrastructure platform for businesses Stripe has published its 2023 Insights Report which showcases that businesses still invest in growth despite the economic climate
China-based ecommerce platform JD. com has introduced the ‘Pavilion of Canada’, an online flagship store on its platform supported by the embassy of Canada in Beijing.
Mastercard and Visa are among the suitors in talks to buy Brazilian cloud-native core banking and payments platform Pismo for around $1 billion, according to Bloomberg.