Ant Group, Tencent further open up their mobile payment ecosystems to state-owned UnionPay

Source: Tech – South China Morning PostChina’s two largest mobile payments providers, Alipay and WeChat Pay, are further opening up their ecosystems to state-owned UnionPay, the country’s top bank card clearing service, amid Beijing’s push for Big Tech internet platforms to make their “walled gardens” accessible to competition.Alipay, operated by Chinese financial technology giant Ant Group, plans to achieve full interoperability of payment QR codes with UnionPay’s Cloud QuickPass app for offline payments in every city across China…Read More

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