SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s Personal Information Protection Commission (PIPC) has imposed fines totaling 8.3 billion won ($5.8 Million) on KakaoPay and Apple Pay for transferring the personal data of approximately 40 million users to China’s Alipay without proper consent. The commission announced on Thursday that both companies violated South Korea’s Personal Information [...]
SEOUL, Aug. 14 (Korea Bizwire) – Kakao Pay, a leading digital payment service in South Korea, announced on Wednesday that it has ceased sharing user information with Alipay since mid-May, following a controversial breach involving the unauthorized disclosure of personal credit data. In a statement, Kakao Pay revealed that the suspension of information sharing began on [...]
SEOUL, Aug. 13 (Korea Bizwire) — Kakaopay Corp. has provided credit information of its users to China’s Alipay without the required customer consent, the financial regulator said Tuesday, an allegation quickly dismissed by the South Korean platform. The Financial Supervisory Service (FSS) said its inspection of South Korea’s leading mobile payment platform in April and [...]
SEOUL, Apr. 6 (Korea Bizwire) — Alipay, China’s leading mobile payment platform, said Saturday that it does not provide any commercial service for a major hotel in Pyongyang and has “strict measures” in place to block such transactions there. The denial came a day after Beijing-based Koryo Tours, which specializes in tours to North Korea, [...]
HANGZHOU, China and DUBAI, United Arab Emirates, Apr. 25 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group, and The Dubai Mall, the world’s largest and most-visited retail and entertainment destination, located in the heart of the prestigious Downtown Dubai, today jointly announced that Chinese mainland [...]
SEOUL, March 6 (Korea Bizwire) — Tourists from China spent an average of US$3,007 in South Korea last year, a survey showed Tuesday, with duty-free shops and cosmetics stores as the most popular shopping locations here. The average on-location spending by Chinese tourists during their visits to South Korea, excluding tour group fees and costs [...]
HANGZHOU, China, Sept. 29 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), recently announced an upgraded smart outbound tourist service platform at a meeting of ecosystem partners from over 20 countries and territories in Beijing. The platform connects Chinese tourists with merchants, [...]
HANGZHOU, China, Sept. 22 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced that it has signed separate MoUs with Finpro (Finland), Svensk Handel (Sweden) and the Scandinavian Tourist Board, which will enable merchants across Nordic region to accept payment via [...]
SEOUL, Sept. 20 (Korea Bizwire) – Kakao has announced that it has added QR code identification technology that will enable users to process payments with a simple snapshot to its Kakao Pay service. The technology is currently available on Kakao’s Chinese counterparts Alipay and WeChat Pay. Users snap photos of QR cards in shops and [...]
HANGZHOU, China and CAPE TOWN, South Africa, Aug. 31 (Korea Bizwire) — Starting today, Chinese tourists in South Africa will have more opportunities to pay via smartphone as Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), partners with Zapper, the fast-growing mobile payment, customer insights [...]