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China targets mobile payments oligopoly with clearing mandate

China’s central bank has ordered online payment groups to operate through a centralized clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors.   China is the world leader in mobile payments, with transaction volumes rising…

Concardis to support Alipay in Austria and Switzerland

Concardis, a payment service provider, has announced that it will support Alipay payments in Austria and Switzerland.   In Austria, Gössl is the first merchant that allows Chinese consumers to pay using their smartphones with the Alipay app. The clothing brand will start by supporting the app in 20 stores…

Majority of Apple Pay tills in the UK accept limitless payments

The majority of UK tills have lifted the GBP 30 limit for mobile payments made with Apple Pay.   Hundreds of thousands of terminals have been upgraded to supported limitless contactless payments for Apple Pay, allowing customers to make payments of any value.   Most terminals that support contactless payments…