article thumbnail

Alipay+ Expands to Serve 90 Million Global Merchants in 2024 Summer Campaign Following UEFA EURO Craze

Fintech Finance

Alipay+ is also adding more digital conveniences for tourists through its recent integration with the taxi app FREENOW, available in 7 European countries, and partnerships for digital tax refunds. The latter allows Chinese tourists to receive instant tax refunds on their Alipay app in-store.

article thumbnail

Alipay+ Capitalises on EURO 2024 Success: Preparing for Greater European Expansion

The Fintech Times

Alipay+ is also adding more digital conveniences for tourists through its recent integration with the taxi app FREENOW , available in seven European countries, and partnerships for digital tax refunds. The latter allows Chinese tourists to receive instant tax refunds on their Alipay app in-store.

article thumbnail

Alipay+ Transactions Triple in 2024 as Travel Industry Embraces Cross-Border Digital Payment and Marketing Technology

Fintech Finance

2) Travelers spend more, with a shift toward localized experiences Alipay+ payment partners include top payment apps from across Asia, such as Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), Touch ‘n Go eWallet (Malaysia), GCash (the Philippines), KakaoPay, Toss Pay and Naver Pay (South Korea), OCBC (Singapore), TrueMoney (Thailand) and more.

article thumbnail

Merchants Using WeChat Pay Grew 80 Pct YOY In Q4

PYMNTS

billion monthly active users, and WeChat’s eWallet boasting a daily transaction volume of more than 1 billion last year. The decline was due to expenses for its portfolio companies and non-gaming investments. However, there was plenty of good earnings news, with WeChat and its local version Weixin hitting almost 1.1

article thumbnail

WeChat, Alipay Partner QFPay Notches $20M For Payment Innovation

PYMNTS

billion monthly active users earlier this year, and WeChat’s eWallet saw a daily transaction volume of more than 1 billion last year, according to earnings reports by its parent company, Chinese tech giant Tencent. WeChat and its local version Weixin hit almost 1.1

article thumbnail

Square: Card Not Present Transactions, Square Card Spend See Gains In Q3

PYMNTS

As to those inflows into Cash App, Ahuja noted that “this is a dynamic we have observed in the past related to seasonal tax refunds, as well as direct deposits of recurring paychecks and far to an even greater extent through July, with the introduction of. stimulus funds.”.

article thumbnail

Understanding Electronic Funds Transfer (EFT)?

Nanonets

Examples include PayPal, Venmo, Zelle, Apple Cash, and various eWallet apps, where both the sender and receiver have accounts, enabling seamless electronic transfers. Government Benefits: Governments use EFTs to distribute benefits and payments, such as social security and tax refunds, to beneficiaries.